StockNews.com Downgrades DMC Global (NASDAQ:BOOM) to Sell

DMC Global (NASDAQ:BOOM) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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

DMC Global Trading Up 1.9 %

Shares of DMC Global stock traded up $0.13 on Tuesday, hitting $6.82. The stock had a trading volume of 131,192 shares, compared to its average volume of 260,310. 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 one year low of $6.64 and a one year high of $19.73. The stock’s 50-day simple moving average is $8.77 and its two-hundred day simple moving average is $11.48. The stock has a market cap of $136.58 million, a price-to-earnings ratio of -0.86 and a beta of 1.58.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). The firm had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. During the same period last year, the business earned $0.50 EPS. As a group, sell-side analysts predict that DMC Global will post -0.23 EPS for the current year.

Institutional Trading of DMC Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in shares of DMC Global in the 2nd quarter worth approximately $25,000. FMR LLC lifted its position in DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,334 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of DMC Global by 315.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock valued at $80,000 after buying an additional 4,231 shares in the last quarter. Quest Partners LLC grew its position in shares of DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,373 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of DMC Global in the 3rd quarter worth about $130,000. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

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.