DMC Global (NASDAQ:BOOM) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of DMC Global (NASDAQ:BOOM) from a hold rating to a sell rating in a research note released on Tuesday.

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

DMC Global Price Performance

BOOM stock opened at $8.60 on Tuesday. The firm has a market capitalization of $172.26 million, a price-to-earnings ratio of -1.09 and a beta of 1.59. The company’s 50 day moving average price is $7.68 and its 200 day moving average price is $9.70. DMC Global has a fifty-two week low of $6.64 and a fifty-two week high of $19.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

Institutional Trading of DMC Global

Large investors have recently added to or reduced their stakes in the stock. Voss Capital LP grew its stake in shares of DMC Global by 229.0% during the fourth quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company’s stock valued at $7,491,000 after acquiring an additional 709,413 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of DMC Global by 325.7% during the fourth quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company’s stock valued at $6,412,000 after purchasing an additional 667,429 shares during the last quarter. Invenomic Capital Management LP bought a new stake in DMC Global in the 4th quarter valued at about $1,443,000. Hunter Associates Investment Management LLC grew its position in DMC Global by 19.1% in the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock valued at $3,078,000 after buying an additional 67,410 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of DMC Global in the 4th quarter worth $397,000. 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.