Lowers DMC Global (NASDAQ:BOOM) to Hold

DMC Global (NASDAQ:BOOMGet Rating) was downgraded by stock analysts at from a “buy” rating to a “hold” rating in a report issued on Friday.

Separately, KeyCorp started coverage on DMC Global in a research note on Friday, December 9th. They set a “sector weight” rating on the stock.

DMC Global Stock Up 7.1 %

BOOM stock opened at $21.99 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.26 and a debt-to-equity ratio of 0.33. DMC Global has a twelve month low of $13.95 and a twelve month high of $47.01. The business has a 50 day moving average price of $18.51 and a two-hundred day moving average price of $19.36. The company has a market cap of $429.46 million, a price-to-earnings ratio of -115.74, a P/E/G ratio of 0.45 and a beta of 1.58.

DMC Global (NASDAQ:BOOMGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. The firm had revenue of $174.47 million during the quarter, compared to analysts’ expectations of $157.55 million. DMC Global had a return on equity of 2.82% and a net margin of 1.13%. Analysts anticipate that DMC Global will post 0.76 EPS for the current fiscal year.

Institutional Trading of DMC Global

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in shares of DMC Global by 67.5% during the second quarter. SG Americas Securities LLC now owns 6,539 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 2,636 shares in the last quarter. Rutabaga Capital Management LLC MA lifted its holdings in DMC Global by 87.4% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 135,303 shares of the industrial products company’s stock worth $2,440,000 after purchasing an additional 63,106 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in DMC Global in the 2nd quarter worth approximately $1,506,000. KBC Group NV bought a new position in shares of DMC Global during the 2nd quarter valued at approximately $32,000. Finally, Penn Capital Management Company LLC purchased a new stake in DMC Global during the 2nd quarter valued at $1,380,000. 85.56% of the stock is owned by institutional investors.

About DMC Global

(Get Rating)

DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building materials, including storefronts and entrances, windows, curtain walls, and interior partitions; architectural components, architectural framing systems, and sun control products; sliding and glazing systems; and engineered steel, aluminum, and wood door and window systems.

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