Short Interest in DMC Global Inc. (NASDAQ:BOOM) Decreases By 52.4%

DMC Global Inc. (NASDAQ:BOOM - Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 473,900 shares, a decline of 52.4% from the March 15th total of 995,200 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 259,600 shares, the short-interest ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BOOM shares. Stifel Nicolaus cut their target price on DMC Global from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday, February 27th. StockNews.com upgraded shares of DMC Global from a "hold" rating to a "buy" rating in a research note on Thursday, April 4th.

Institutional Trading of DMC Global

Several large investors have recently modified their holdings of BOOM. PNC Financial Services Group Inc. grew its stake in shares of DMC Global by 82.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company's stock valued at $25,000 after buying an additional 606 shares during the period. Point72 Hong Kong Ltd acquired a new stake in DMC Global in the second quarter valued at approximately $34,000. New York State Teachers Retirement System acquired a new stake in shares of DMC Global in the 3rd quarter worth about $42,000. Point72 Asset Management L.P. lifted its holdings in shares of DMC Global by 367.7% in the second quarter. Point72 Asset Management L.P. now owns 2,404 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 1,890 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of DMC Global by 564.8% during the third quarter. UBS Group AG now owns 2,659 shares of the industrial products company's stock valued at $43,000 after buying an additional 2,259 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company's stock.

DMC Global Trading Down 2.0 %

NASDAQ:BOOM traded down $0.37 on Thursday, reaching $18.08. 92,557 shares of the stock traded hands, compared to its average volume of 255,408. The company has a current ratio of 2.58, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. DMC Global has a 1-year low of $14.89 and a 1-year high of $27.16. The company's 50 day moving average is $17.92 and its 200-day moving average is $18.24. The firm has a market capitalization of $357.80 million, a price-to-earnings ratio of 16.74 and a beta of 1.62.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.07). DMC Global had a return on equity of 9.14% and a net margin of 3.29%. The firm had revenue of $174.04 million for the quarter, compared to analyst estimates of $170.80 million. During the same quarter last year, the company earned $0.22 earnings per share. Equities research analysts anticipate that DMC Global will post 1.58 EPS for the current fiscal year.

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.