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

StockNews.com cut shares of DMC Global (NASDAQ:BOOM - Free Report) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Stifel Nicolaus lowered DMC Global from a "buy" rating to a "hold" rating and reduced their target price for the company from $16.00 to $8.00 in a research report on Wednesday, November 20th.

DMC Global Stock Down 0.8 %

DMC Global stock traded down $0.06 during mid-day trading on Friday, reaching $7.40. 136,743 shares of the company were exchanged, compared to its average volume of 261,224. DMC Global has a 12-month low of $7.16 and a 12-month high of $19.73. The business has a fifty day moving average of $9.65 and a 200 day moving average of $11.75. The firm has a market cap of $148.19 million, a P/E ratio of -0.94 and a beta of 1.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in shares of DMC Global by 202.7% during the second quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company's stock worth $3,642,000 after purchasing an additional 169,150 shares during the period. Dimensional Fund Advisors LP lifted its stake in DMC Global by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company's stock valued at $15,219,000 after acquiring an additional 112,138 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in DMC Global by 25.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company's stock valued at $5,656,000 after acquiring an additional 80,774 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of DMC Global in the 2nd quarter valued at $1,090,000. Finally, American Century Companies Inc. increased its stake in shares of DMC Global by 97.0% in the second quarter. American Century Companies Inc. now owns 52,979 shares of the industrial products company's stock worth $764,000 after acquiring an additional 26,085 shares during the period. Hedge funds and other institutional investors 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.