DMC Global (NASDAQ:BOOM) Upgraded to Buy by StockNews.com

DMC Global (NASDAQ:BOOM - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

Separately, Stifel Nicolaus lowered their price objective 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.

DMC Global Stock Performance

Shares of NASDAQ BOOM traded down $0.54 during trading hours on Thursday, reaching $18.88. 131,269 shares of the stock were exchanged, compared to its average volume of 266,440. The firm has a market capitalization of $373.64 million, a price-to-earnings ratio of 17.48 and a beta of 1.62. The stock's fifty day simple moving average is $17.84 and its 200 day simple moving average is $18.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 2.58. DMC Global has a 52 week low of $14.89 and a 52 week high of $27.16.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.07). DMC Global had a net margin of 3.29% and a return on equity of 9.14%. The business had revenue of $174.04 million during the quarter, compared to the consensus estimate of $170.80 million. During the same period in the previous year, the firm posted $0.22 EPS. Sell-side analysts predict that DMC Global will post 1.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new position in shares of DMC Global during the third quarter valued at $4,527,000. Panagora Asset Management Inc. boosted its position in DMC Global by 167.8% during the third quarter. Panagora Asset Management Inc. now owns 121,536 shares of the industrial products company's stock valued at $2,974,000 after acquiring an additional 76,159 shares during the last quarter. Franklin Resources Inc. grew its holdings in DMC Global by 50.1% during the 2nd quarter. Franklin Resources Inc. now owns 190,399 shares of the industrial products company's stock worth $3,381,000 after acquiring an additional 63,550 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of DMC Global in the 3rd quarter worth about $1,045,000. Finally, New York State Teachers Retirement System acquired a new position in shares of DMC Global in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 77.63% of the company's stock.

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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