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

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

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

DMC Global Stock Performance

Shares of BOOM stock traded up $0.23 during trading on Friday, hitting $7.19. The company's stock had a trading volume of 116,390 shares, compared to its average volume of 234,216. The company has a market cap of $147.33 million, a PE ratio of -0.91 and a beta of 1.42. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $6.77 and a 200-day moving average of $7.53. DMC Global has a 52 week low of $6.02 and a 52 week high of $15.14.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.19. The company 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%. As a group, research analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 1,342 shares in the last quarter. Jane Street Group LLC lifted its position in shares of DMC Global by 13.3% during the fourth quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock worth $99,000 after acquiring an additional 1,585 shares in the last quarter. Victory Capital Management Inc. lifted its position 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 acquiring an additional 1,654 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of DMC Global by 3.2% during the first quarter. SummerHaven Investment Management LLC now owns 57,390 shares of the industrial products company's stock worth $483,000 after acquiring an additional 1,766 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 77.63% of the company's stock.

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.