Stifel Nicolaus Lowers DMC Global (NASDAQ:BOOM) Price Target to $8.50

DMC Global (NASDAQ:BOOM - Free Report) had its price objective reduced by Stifel Nicolaus from $9.00 to $8.50 in a research note released on Monday, Marketbeat Ratings reports. Stifel Nicolaus currently has a hold rating on the industrial products company's stock.

Separately, StockNews.com upgraded shares of DMC Global from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.

DMC Global Stock Performance

BOOM stock traded up $0.09 during mid-day trading on Monday, hitting $6.91. The company had a trading volume of 216,189 shares, compared to its average volume of 248,885. DMC Global has a 12 month low of $6.02 and a 12 month high of $15.14. The stock's fifty day moving average price is $7.40 and its two-hundred day moving average price is $7.86. The firm has a market cap of $141.59 million, a PE ratio of -0.88 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.19. The business had revenue of $159.29 million during the quarter, compared to analyst estimates of $149.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. On average, analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BOOM. Charles Schwab Investment Management Inc. increased its position in shares of DMC Global by 14.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 149,690 shares of the industrial products company's stock valued at $1,260,000 after buying an additional 19,129 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in DMC Global by 7.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 603,075 shares of the industrial products company's stock worth $5,078,000 after purchasing an additional 39,632 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in 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 purchasing an additional 4,823 shares during the period. Federated Hermes Inc. grew its position in shares of DMC Global by 313.1% during the 1st quarter. Federated Hermes Inc. now owns 232,781 shares of the industrial products company's stock valued at $1,960,000 after purchasing an additional 176,425 shares in the last quarter. Finally, Tabor Asset Management LP bought a new position in shares of DMC Global in the first quarter worth $166,000. Institutional investors 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.