Wall Street Zen Downgrades DMC Global (NASDAQ:BOOM) to Hold

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

Separately, Stifel Nicolaus cut their price objective on DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research report on Monday, May 5th.

DMC Global Stock Performance

BOOM stock traded up $0.19 during midday trading on Friday, reaching $7.78. The stock had a trading volume of 138,755 shares, compared to its average volume of 231,756. The firm has a fifty day simple moving average of $6.75 and a two-hundred day simple moving average of $7.54. DMC Global has a 52-week low of $6.02 and a 52-week high of $15.14. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The stock has a market cap of $159.42 million, a PE ratio of -0.99 and a beta of 1.42.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.19. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $159.29 million for the quarter, compared to analyst estimates of $149.00 million. As a group, equities research analysts anticipate that DMC Global will post -0.23 EPS for the current year.

Institutional Investors Weigh In On DMC Global

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of DMC Global by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company's stock worth $199,000 after purchasing an additional 1,342 shares in the last quarter. Jane Street Group LLC boosted its stake in DMC Global by 13.3% during the 4th quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock worth $99,000 after purchasing an additional 1,585 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of DMC Global by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock worth $175,000 after buying an additional 1,654 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of DMC Global by 3.2% in the first quarter. SummerHaven Investment Management LLC now owns 57,390 shares of the industrial products company's stock worth $483,000 after buying an additional 1,766 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in DMC Global by 27.9% during the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock worth $63,000 after acquiring an additional 1,876 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.