DMC Global (NASDAQ:BOOM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DMC Global (NASDAQ:BOOM - Free Report) from a hold rating to a buy rating in a research report sent to investors on Sunday.

Separately, Stifel Nicolaus lowered their price objective on shares of 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

Shares of BOOM stock traded down $0.24 during midday trading on Friday, hitting $7.92. 71,131 shares of the company were exchanged, compared to its average volume of 222,450. DMC Global has a 52 week low of $6.02 and a 52 week high of $15.14. The firm has a market capitalization of $162.28 million, a P/E ratio of -0.97 and a beta of 1.42. The firm's 50 day moving average price is $6.92 and its two-hundred day moving average price is $7.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.33 and a current ratio of 2.66.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly 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. DMC Global had a negative return on equity of 0.01% and a negative net margin of 15.73%. The business had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. As a group, equities 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 and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in DMC Global by 115.6% during the 1st quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company's stock worth $45,000 after buying an additional 2,864 shares during the period. Quantbot Technologies LP acquired a new position in shares of DMC Global during the fourth quarter worth approximately $50,000. PNC Financial Services Group Inc. lifted its holdings in shares of 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 worth $58,000 after purchasing an additional 4,823 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of DMC Global by 27.9% in the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock worth $63,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in DMC Global by 29.5% in the 4th quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock valued at $86,000 after purchasing an additional 2,667 shares during the period. 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.