DMC Global Inc. (NASDAQ:BOOM) Short Interest Up 9.1% in October

DMC Global Inc. (NASDAQ:BOOMGet Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 635,000 shares, an increase of 9.1% from the September 30th total of 581,900 shares. Based on an average daily volume of 242,700 shares, the short-interest ratio is presently 2.6 days. Approximately 3.6% of the shares of the stock are sold short.

Analyst Ratings Changes

BOOM has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price objective on DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 price objective on shares of DMC Global in a research report on Wednesday, July 31st.

Check Out Our Latest Analysis on DMC Global

DMC Global Trading Down 0.2 %

NASDAQ:BOOM traded down $0.02 during trading hours on Thursday, reaching $10.09. The company’s stock had a trading volume of 110,074 shares, compared to its average volume of 260,923. The firm has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $13.18. DMC Global has a 1 year low of $9.70 and a 1 year high of $19.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53. The firm has a market capitalization of $202.19 million, a price-to-earnings ratio of 13.28 and a beta of 1.63.

DMC Global (NASDAQ:BOOMGet Free Report) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The firm had revenue of $171.18 million during the quarter, compared to analyst estimates of $165.45 million. During the same quarter in the previous year, the firm earned $0.72 EPS. Research analysts expect that DMC Global will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hunter Associates Investment Management LLC raised its position in DMC Global by 1.6% during the third quarter. Hunter Associates Investment Management LLC now owns 352,233 shares of the industrial products company’s stock valued at $4,565,000 after purchasing an additional 5,525 shares during the period. Lakewood Asset Management LLC purchased a new position in shares of DMC Global during the third quarter valued at approximately $205,000. Pacific Ridge Capital Partners LLC grew its stake in shares of DMC Global by 25.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after buying an additional 80,774 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of DMC Global by 202.7% in the second quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock worth $3,642,000 after buying an additional 169,150 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of DMC Global by 30.2% during the 2nd quarter. Squarepoint Ops LLC now owns 111,644 shares of the industrial products company’s stock worth $1,610,000 after acquiring an additional 25,921 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

DMC Global Company Profile

(Get Free Report)

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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