DMC Global (NASDAQ:BOOM) Downgraded by StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Separately, Stifel Nicolaus decreased their price objective on DMC Global from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Monday.

DMC Global Stock Performance

Shares of DMC Global stock traded down $0.44 during trading on Monday, reaching $13.20. The company’s stock had a trading volume of 533,425 shares, compared to its average volume of 247,078. The company has a 50-day moving average price of $17.57 and a two-hundred day moving average price of $17.50. DMC Global has a fifty-two week low of $12.97 and a fifty-two week high of $27.16. The firm has a market cap of $263.74 million, a PE ratio of 10.82 and a beta of 1.59. The company has a current ratio of 2.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). DMC Global had a net margin of 3.61% and a return on equity of 8.21%. The business had revenue of $174.04 million during the quarter, compared to analyst estimates of $170.80 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, analysts forecast that DMC Global will post 1.5 EPS for the current year.

Institutional Trading of DMC Global

Several hedge funds have recently made changes to their positions in BOOM. Allspring Global Investments Holdings LLC purchased a new stake in shares of DMC Global in the first quarter valued at approximately $26,000. PNC Financial Services Group Inc. boosted its position in shares of DMC Global by 82.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 606 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of DMC Global during the 3rd quarter worth $42,000. Covestor Ltd purchased a new position in shares of DMC Global in the 3rd quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of DMC Global by 722.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,488 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Company Profile

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.