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

Key Points

• Wall Street Zen upgraded DMC Global (NASDAQ:BOOM) from a "sell" to a "hold," but analyst sentiment remains mixed—one Buy, one Hold and two Sell—with a MarketBeat consensus rating of "Reduce" and a consensus target price of $8.50.
• DMC Global missed its most recent quarter, reporting EPS of ($0.50) vs. estimates of ($0.11) while revenue was roughly in line; the company has a negative P/E, negative return on equity, and the stock opened at $5.09 (52-week range $4.69–$9.20).
• Institutional ownership is high at 77.63%, with recent stake increases from firms including Goldman Sachs, AQR and Jane Street.

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

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of DMC Global from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 26th. Weiss Ratings reissued a "sell (e+)" rating on shares of DMC Global in a report on Monday, December 29th. Roth Mkm reduced their target price on shares of DMC Global from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Finally, Stifel Nicolaus reduced their target price on shares of DMC Global from $8.00 to $7.00 and set a "hold" rating on the stock in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, DMC Global presently has a consensus rating of "Reduce" and a consensus target price of $8.50.

DMC Global Price Performance

BOOM stock opened at $5.09 on Friday. The company has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $6.92. The stock has a market cap of $104.24 million, a price-to-earnings ratio of -5.72 and a beta of 1.65. DMC Global has a 1 year low of $4.69 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.24.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.39). The company had revenue of $143.53 million for the quarter, compared to analyst estimates of $142.37 million. DMC Global had a negative return on equity of 2.77% and a negative net margin of 3.01%. Research analysts anticipate that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

A number of institutional investors have recently modified their holdings of BOOM. AQR Capital Management LLC bought a new stake in shares of DMC Global in the 1st quarter valued at $214,000. Goldman Sachs Group Inc. boosted its stake in DMC Global by 55.1% during the first quarter. Goldman Sachs Group Inc. now owns 137,128 shares of the industrial products company's stock worth $1,155,000 after acquiring an additional 48,732 shares in the last quarter. Empowered Funds LLC boosted its stake in DMC Global by 7.5% during the first quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company's stock worth $866,000 after acquiring an additional 7,216 shares in the last quarter. Jane Street Group LLC boosted its stake in DMC Global by 102.5% during the first quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company's stock worth $231,000 after acquiring an additional 13,864 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in DMC Global by 39.9% during the first quarter. Focus Partners Wealth now owns 70,539 shares of the industrial products company's stock worth $594,000 after acquiring an additional 20,110 shares in the last quarter. 77.63% of the stock is owned by institutional investors.

DMC Global Company Profile

DMC Global Inc NASDAQ: BOOM is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.

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