DMC Global (NASDAQ:BOOM) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of DMC Global (NASDAQ:BOOM) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Separately, Stifel Nicolaus downgraded DMC Global from a “buy” rating to a “hold” rating and reduced their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, November 20th.

DMC Global Stock Performance

Shares of DMC Global stock opened at $8.90 on Tuesday. DMC Global has a one year low of $6.64 and a one year high of $19.72. The company has a market capitalization of $178.27 million, a PE ratio of -1.13 and a beta of 1.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The company has a 50-day simple moving average of $7.64 and a two-hundred day simple moving average of $9.72.

Institutional Investors Weigh In On DMC Global

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new position in DMC Global during the 4th quarter worth approximately $153,000. Man Group plc grew its stake in shares of DMC Global by 16.4% in the 4th quarter. Man Group plc now owns 43,619 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 6,141 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of DMC Global in the 4th quarter valued at approximately $1,443,000. Graham Capital Management L.P. purchased a new position in shares of DMC Global in the 4th quarter valued at approximately $238,000. Finally, Deutsche Bank AG boosted its stake in shares of DMC Global by 5.6% in the fourth quarter. Deutsche Bank AG now owns 69,820 shares of the industrial products company’s stock valued at $513,000 after buying an additional 3,709 shares in the last quarter. 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.