DMC Global (NASDAQ:BOOM - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Tuesday.
Separately, Stifel Nicolaus downgraded shares of DMC Global from a "buy" rating to a "hold" rating and cut their price target for the company from $16.00 to $8.00 in a report on Wednesday, November 20th.
Check Out Our Latest Stock Analysis on DMC Global
DMC Global Price Performance
Shares of NASDAQ BOOM traded down $0.16 during mid-day trading on Tuesday, hitting $8.44. 174,639 shares of the company's stock traded hands, compared to its average volume of 200,324. The company's 50-day moving average is $7.68 and its two-hundred day moving average is $9.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The company has a market capitalization of $169.02 million, a P/E ratio of -1.07 and a beta of 1.59. DMC Global has a 1 year low of $6.64 and a 1 year high of $19.72.
Hedge Funds Weigh In On DMC Global
Several hedge funds have recently added to or reduced their stakes in BOOM. Voss Capital LP grew its holdings in DMC Global by 229.0% during the 4th quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock valued at $7,491,000 after purchasing an additional 709,413 shares during the last quarter. Ameriprise Financial Inc. grew its stake in DMC Global by 325.7% in the 4th quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock worth $6,412,000 after acquiring an additional 667,429 shares in the last quarter. Invenomic Capital Management LP bought a new position in DMC Global in the 4th quarter worth about $1,443,000. Hunter Associates Investment Management LLC grew its stake in DMC Global by 19.1% in the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company's stock worth $3,078,000 after acquiring an additional 67,410 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in DMC Global in the 4th quarter worth about $397,000. 77.63% of the stock is currently owned by institutional investors.
About DMC Global
(
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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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