DMC Global (NASDAQ:BOOM) Given Buy Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of DMC Global (NASDAQ:BOOM) in a research note published on Wednesday, Benzinga reports. They currently have a $24.00 price target on the industrial products company’s stock.

A number of other brokerages have also issued reports on BOOM. Stifel Nicolaus dropped their target price on DMC Global from $27.00 to $24.00 and set a buy rating on the stock in a research report on Monday, May 6th. StockNews.com lowered DMC Global from a buy rating to a hold rating in a research report on Monday, May 6th.

DMC Global Trading Up 0.3 %

NASDAQ:BOOM opened at $12.91 on Wednesday. The business’s 50-day moving average is $13.73 and its two-hundred day moving average is $15.76. The firm has a market capitalization of $257.94 million, a PE ratio of 10.58 and a beta of 1.66. DMC Global has a 12 month low of $11.12 and a 12 month high of $27.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.12.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. DMC Global had a return on equity of 6.09% and a net margin of 2.29%. The business had revenue of $171.18 million for the quarter, compared to the consensus estimate of $165.45 million. During the same period last year, the business posted $0.72 EPS. Research analysts predict that DMC Global will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Steel Partners Holdings L.P. lifted its stake in DMC Global by 610.5% during the second quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after purchasing an additional 1,695,336 shares during the last quarter. Cerity Partners LLC bought a new position in shares of DMC Global in the 4th quarter worth about $10,378,000. Wellington Management Group LLP boosted its holdings in shares of DMC Global by 59.8% in the 4th quarter. Wellington Management Group LLP now owns 379,128 shares of the industrial products company’s stock valued at $7,135,000 after buying an additional 141,809 shares during the period. Roubaix Capital LLC bought a new stake in shares of DMC Global during the 4th quarter valued at about $1,554,000. Finally, Millrace Asset Group Inc. bought a new stake in shares of DMC Global during the 4th quarter valued at about $1,507,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

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.