DMC Global (NASDAQ:BOOM) Stock Lifted to “Strong-Buy” by Zacks Research

Zacks Research upgraded shares of DMC Global (NASDAQ:BOOM) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks reports.

A number of other brokerages also recently commented on BOOM. Weiss Ratings reiterated a “sell (d-)” rating on shares of DMC Global in a research note on Wednesday, August 19th. Stifel Nicolaus raised their price target on DMC Global from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen raised DMC Global from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

DMC Global Price Performance

BOOM stock opened at $8.48 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 1.19. The firm has a market capitalization of $174.18 million, a P/E ratio of -35.33 and a beta of 1.80. The business’s 50-day moving average is $6.17 and its two-hundred day moving average is $6.56. DMC Global has a 1 year low of $4.69 and a 1 year high of $9.20.

DMC Global (NASDAQ:BOOM) last released its earnings results on Tuesday, October 27th. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.37. DMC Global had a negative net margin of 1.15% and a negative return on equity of 2.13%. The firm had revenue of $172.83 million for the quarter, compared to analyst estimates of $161.10 million. Analysts anticipate that DMC Global will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DMC Global

A number of institutional investors have recently modified their holdings of the business. Lakewood Asset Management LLC lifted its holdings in shares of DMC Global by 10.0% during the third quarter. Lakewood Asset Management LLC now owns 26,688 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 2,432 shares during the period. Squarepoint Ops LLC purchased a new position in DMC Global during the second quarter worth about $296,000. AXQ Capital LP purchased a new stake in DMC Global in the 2nd quarter valued at approximately $101,000. Susquehanna International Group LLP increased its position in DMC Global by 63.6% during the 2nd quarter. Susquehanna International Group LLP now owns 50,341 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 19,566 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of DMC Global during the 2nd quarter worth approximately $213,000. 77.63% of the stock is owned by institutional investors and hedge funds.

DMC Global Company Profile

DMC Global Inc (NASDAQ:BOOM) is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company’s operations have included businesses focused on specialty metalworking and architectural building products.

Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.