DMC Global (NASDAQ:BOOM) Stock Rating Lowered by Wall Street Zen

DMC Global (NASDAQ:BOOM - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Separately, Stifel Nicolaus decreased their target price on DMC Global from $9.00 to $8.50 and set a "hold" rating on the stock in a report on Monday, May 5th.

DMC Global Price Performance

Shares of NASDAQ BOOM traded up $0.11 during mid-day trading on Friday, reaching $8.13. The company had a trading volume of 100,594 shares, compared to its average volume of 217,362. The company has a current ratio of 2.66, a quick ratio of 1.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $166.58 million, a PE ratio of -1.00 and a beta of 1.48. The company has a 50-day moving average price of $7.57 and a two-hundred day moving average price of $7.65. DMC Global has a 1-year low of $6.02 and a 1-year high of $14.41.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.19. The business had revenue of $159.29 million for the quarter, compared to analysts' expectations of $149.00 million. DMC Global had a negative return on equity of 0.01% and a negative net margin of 15.73%. On average, equities analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Several hedge funds have recently bought and sold shares of BOOM. GAMMA Investing LLC boosted its holdings in DMC Global by 115.6% in the first quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company's stock worth $45,000 after purchasing an additional 2,864 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of DMC Global in the 4th quarter valued at approximately $50,000. PNC Financial Services Group Inc. raised its stake in shares of DMC Global by 236.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,865 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 4,823 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of DMC Global by 29.5% in the 4th quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock valued at $86,000 after acquiring an additional 2,667 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of DMC Global by 13.3% in the 4th quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock valued at $99,000 after acquiring an additional 1,585 shares in the last quarter. 77.63% of the stock is 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.