Dynamic Materials Corp. (NASDAQ:BOOM) issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04, Bloomberg Earnings reports. Dynamic Materials Corp. had a negative return on equity of 6.38% and a negative net margin of 5.01%. The business had revenue of $47.20 million for the quarter, compared to analyst estimates of $44.20 million. During the same period last year, the company posted ($0.05) earnings per share. Dynamic Materials Corp.’s quarterly revenue was up 14.3% compared to the same quarter last year.
Shares of Dynamic Materials Corp. (NASDAQ:BOOM) opened at 13.45 on Thursday. Dynamic Materials Corp. has a 52-week low of $9.80 and a 52-week high of $17.19. The firm has a 50-day moving average price of $13.38 and a 200-day moving average price of $13.78. The stock’s market capitalization is $198.66 million.
A number of analysts have issued reports on BOOM shares. Zacks Investment Research downgraded Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine raised Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet raised Dynamic Materials Corp. from a “d+” rating to a “c-” rating in a research report on Thursday, April 27th.
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In other news, insider Ian Grieves sold 4,743 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $13.92, for a total value of $66,022.56. Following the completion of the sale, the insider now directly owns 15,874 shares in the company, valued at approximately $220,966.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.
An institutional investor recently raised its position in Dynamic Materials Corp. stock. State Street Corp raised its position in Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,940 shares of the industrial products company’s stock after buying an additional 14,471 shares during the period. State Street Corp owned approximately 1.43% of Dynamic Materials Corp. worth $2,777,000 at the end of the most recent quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
Dynamic Materials Corp. Company Profile
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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