DMC Global (NASDAQ:BOOM) Rating Lowered to “Hold” at Stifel Nicolaus

Stifel Nicolaus cut shares of DMC Global (NASDAQ:BOOM) from a buy rating to a hold rating in a research report report published on Wednesday morning, MarketBeat reports. Stifel Nicolaus currently has $8.00 target price on the industrial products company’s stock, down from their prior target price of $16.00.

BOOM has been the subject of several other research reports. StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm reissued a “buy” rating and set a $24.00 target price on shares of DMC Global in a report on Wednesday, July 31st.

DMC Global Stock Performance

NASDAQ BOOM opened at $7.27 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. DMC Global has a twelve month low of $7.26 and a twelve month high of $19.73. The stock has a 50-day moving average of $11.23 and a 200 day moving average of $12.39. The stock has a market capitalization of $145.59 million, a price-to-earnings ratio of -0.92 and a beta of 1.66.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). The business had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same quarter last year, the business earned $0.50 EPS. Sell-side analysts anticipate that DMC Global will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On DMC Global

Several hedge funds and other institutional investors have recently modified their holdings of BOOM. Meeder Asset Management Inc. acquired a new stake in DMC Global in the 2nd quarter valued at about $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of DMC Global in the first quarter valued at approximately $26,000. FMR LLC increased its holdings in shares of DMC Global by 146.1% in the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,334 shares during the last quarter. CWM LLC lifted its position in DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after buying an additional 2,553 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,373 shares during the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.