DMC Global (NASDAQ:BOOM) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded DMC Global (NASDAQ:BOOM) from a "hold" to a "sell", and MarketBeat shows a consensus rating of "Reduce" with an average price target of $8.50.
• DMC reported a quarterly EPS of -$0.50 versus the consensus -$0.11, has a negative net margin (−3.01%), and analysts forecast -0.44 EPS for the fiscal year while the stock trades near $6.41 with a market cap of ~$131 million.
• Institutional investors own about 77.63% of the company, with recent sizable stakes added by Cooke & Bieler, Steel Partners, Ameriprise and others.

DMC Global (NASDAQ:BOOM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

BOOM has been the subject of several other reports. Zacks Research cut shares of DMC Global from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 26th. Stifel Nicolaus dropped their price objective on shares of DMC Global from $8.00 to $7.00 and set a "hold" rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reissued a "sell (e+)" rating on shares of DMC Global in a report on Monday, December 29th. Finally, Roth Mkm dropped their price objective on shares of DMC Global from $12.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $8.50.

DMC Global Stock Performance

BOOM opened at $6.41 on Friday. The firm has a market cap of $131.28 million, a P/E ratio of -7.20 and a beta of 1.65. DMC Global has a 1-year low of $4.69 and a 1-year high of $9.20. The company has a 50 day simple moving average of $5.72 and a two-hundred day simple moving average of $6.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.24.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.39). The company had revenue of $143.53 million for 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%. Equities analysts forecast that DMC Global will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several large investors have recently bought and sold shares of the business. Cooke & Bieler LP increased its position in DMC Global by 0.8% in the fourth quarter. Cooke & Bieler LP now owns 1,988,267 shares of the industrial products company's stock worth $13,302,000 after purchasing an additional 15,154 shares during the last quarter. Steel Partners Holdings L.P. bought a new stake in DMC Global in the fourth quarter worth $13,200,000. Ameriprise Financial Inc. increased its position in DMC Global by 3.8% in the second quarter. Ameriprise Financial Inc. now owns 923,491 shares of the industrial products company's stock worth $7,443,000 after purchasing an additional 33,539 shares during the last quarter. Gendell Jeffrey L bought a new stake in DMC Global in the fourth quarter worth $6,036,000. Finally, Pacific Ridge Capital Partners LLC increased its position in DMC Global by 12.7% in the third quarter. Pacific Ridge Capital Partners LLC now owns 670,390 shares of the industrial products company's stock worth $5,665,000 after purchasing an additional 75,416 shares during the last quarter. Institutional investors own 77.63% of the company's stock.

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.

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