DMC Global (NASDAQ:BOOM) Cut to “Strong Sell” at Zacks Research

DMC Global (NASDAQ:BOOM) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on BOOM. Weiss Ratings restated a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Wall Street Zen lowered DMC Global from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Roth Mkm decreased their price target on DMC Global from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $9.25.

DMC Global Stock Performance

DMC Global stock opened at $5.89 on Thursday. The business’s 50-day moving average price is $7.79 and its two-hundred day moving average price is $7.26. DMC Global has a 12-month low of $5.46 and a 12-month high of $9.20. The company has a quick ratio of 1.41, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The stock has a market cap of $120.66 million, a PE ratio of -6.62 and a beta of 1.57.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Monday, February 23rd. The industrial products company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.39). The company had revenue of $143.53 million during the quarter, compared to the consensus estimate of $142.37 million. DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. As a group, analysts expect that DMC Global will post -0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider James Schladen sold 17,718 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $6.00, for a total transaction of $106,308.00. Following the transaction, the insider directly owned 532,958 shares in the company, valued at approximately $3,197,748. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Institutional Trading of DMC Global

Several hedge funds have recently made changes to their positions in BOOM. AMH Equity Ltd bought a new stake in DMC Global during the 3rd quarter valued at $845,000. Villanova Investment Management Co LLC increased its stake in DMC Global by 164.9% in the 2nd quarter. Villanova Investment Management Co LLC now owns 135,613 shares of the industrial products company’s stock worth $1,093,000 after acquiring an additional 84,420 shares during the last quarter. Inspire Advisors LLC purchased a new stake in DMC Global in the second quarter valued at approximately $350,000. Cooke & Bieler LP raised its position in shares of DMC Global by 0.7% during the 2nd quarter. Cooke & Bieler LP now owns 1,977,803 shares of the industrial products company’s stock valued at $15,941,000 after buying an additional 14,150 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in DMC Global during the second quarter worth about $233,000. 77.63% of the stock is currently owned by institutional investors.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.