DMC Global (NASDAQ:BOOM) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM) from a sell rating to a hold rating in a research report report published on Monday morning.

Separately, Stifel Nicolaus downgraded shares of DMC Global from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th.

DMC Global Trading Up 1.2 %

Shares of BOOM stock opened at $8.49 on Monday. The business’s 50 day moving average is $7.59 and its two-hundred day moving average is $9.87. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global has a 12 month low of $6.64 and a 12 month high of $19.72. The company has a market cap of $170.02 million, a PE ratio of -1.08 and a beta of 1.59.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hunter Associates Investment Management LLC grew its stake in shares of DMC Global by 19.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after acquiring an additional 67,410 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of DMC Global by 3.1% during the 4th quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company’s stock worth $12,888,000 after purchasing an additional 53,478 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of DMC Global by 9.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 563,443 shares of the industrial products company’s stock valued at $4,141,000 after buying an additional 50,211 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of DMC Global by 92.4% in the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock valued at $1,236,000 after buying an additional 45,722 shares during the period. Finally, American Century Companies Inc. grew its position in DMC Global by 44.9% during the fourth quarter. American Century Companies Inc. now owns 140,979 shares of the industrial products company’s stock worth $1,036,000 after buying an additional 43,671 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.