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

Key Points

• Wall Street Zen upgraded DMC Global from “hold” to “buy,” although the broader analyst consensus remains “Hold” with a $9.00 target price.
• DMC Global reported quarterly EPS of $0.04, exceeding the expected loss of $0.15, while revenue of $156.95 million also topped estimates. Analysts expect a full-year loss of $0.02 per share.
• The stock opened at $7.66, with a market capitalization of $157.34 million; institutional investors and hedge funds own approximately 77.63% of outstanding shares.

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

Other equities analysts have also recently issued reports about the company. Zacks Research raised DMC Global from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of DMC Global in a research note on Friday, May 22nd. Finally, Stifel Nicolaus upped their price target on DMC Global from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, DMC Global currently has an average rating of "Hold" and a consensus target price of $9.00.

DMC Global Price Performance

Shares of DMC Global stock opened at $7.66 on Friday. The firm has a market cap of $157.34 million, a P/E ratio of -8.24 and a beta of 1.74. The firm's 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.61. DMC Global has a twelve month low of $4.69 and a twelve month high of $9.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 2.56.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.19. The firm had revenue of $156.95 million during the quarter, compared to analyst estimates of $148.97 million. DMC Global had a negative net margin of 3.37% and a negative return on equity of 6.84%. As a group, research analysts expect that DMC Global will post -0.02 EPS for the current fiscal year.

Institutional Trading of DMC Global

Hedge funds have recently modified their holdings of the company. Quarry LP bought a new position in shares of DMC Global in the third quarter valued at approximately $31,000. Van Den Berg Management I Inc. bought a new stake in DMC Global during the 3rd quarter worth approximately $86,000. Jump Financial LLC acquired a new stake in DMC Global during the 2nd quarter valued at $86,000. BNP Paribas Financial Markets increased its holdings in DMC Global by 908.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company's stock valued at $93,000 after purchasing an additional 10,406 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in DMC Global in the 3rd quarter valued at $117,000. Institutional investors and hedge funds own 77.63% of the company's stock.

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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