DMC Global (NASDAQ:BOOM) Upgraded by Wall Street Zen to "Buy" Rating

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

Separately, Stifel Nicolaus decreased their price objective 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 Stock Down 2.1%

Shares of NASDAQ:BOOM opened at $7.87 on Friday. 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 company has a market cap of $161.26 million, a PE ratio of -1.00 and a beta of 1.42. DMC Global has a 52 week low of $6.02 and a 52 week high of $15.14. The firm has a 50 day simple moving average of $6.83 and a 200 day simple moving average of $7.54.

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 (EPS) for the quarter, topping 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%. As a group, research analysts expect that DMC Global will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On DMC Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cooke & Bieler LP boosted its stake in shares of DMC Global by 12.0% during the 1st quarter. Cooke & Bieler LP now owns 1,963,653 shares of the industrial products company's stock worth $16,534,000 after buying an additional 210,234 shares during the last quarter. Voss Capital LP raised its holdings in DMC Global by 229.0% in the 4th quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock valued at $7,491,000 after acquiring an additional 709,413 shares during the period. Ameriprise Financial Inc. raised its holdings in DMC Global by 325.7% in the 4th quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock valued at $6,412,000 after acquiring an additional 667,429 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings 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 valued at $5,078,000 after acquiring an additional 39,632 shares during the period. Finally, Hunter Associates Investment Management LLC raised its holdings in DMC Global by 9.9% in the 1st quarter. Hunter Associates Investment Management LLC now owns 461,380 shares of the industrial products company's stock valued at $3,877,000 after acquiring an additional 41,737 shares during the period. 77.63% of the stock is 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.

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