DMC Global (NASDAQ:BOOM) Price Target Lowered to $9.00 at Stifel Nicolaus

DMC Global (NASDAQ:BOOM - Get Free Report) had its target price decreased by equities research analysts at Stifel Nicolaus from $9.50 to $9.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 39.10% from the stock's previous close.

Separately, StockNews.com upgraded shares of DMC Global from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

DMC Global Price Performance

Shares of NASDAQ BOOM traded up $0.19 during midday trading on Tuesday, reaching $6.47. The company's stock had a trading volume of 209,221 shares, compared to its average volume of 249,017. The company has a market cap of $132.96 million, a P/E ratio of -0.82 and a beta of 1.41. DMC Global has a fifty-two week low of $6.02 and a fifty-two week high of $17.22. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The business's 50 day moving average price is $7.95 and its two-hundred day moving average price is $8.52.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its earnings results on Monday, February 24th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.38. The company had revenue of $152.37 million for the quarter, compared to analyst estimates of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. On average, analysts forecast that DMC Global will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On DMC Global

A number of institutional investors have recently added to or reduced their stakes in BOOM. FMR LLC grew its stake in shares of DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company's stock worth $29,000 after buying an additional 1,334 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in DMC Global by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company's stock worth $199,000 after purchasing an additional 1,342 shares in the last quarter. Jane Street Group LLC raised its position in DMC Global by 13.3% in the fourth quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 1,585 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of DMC Global by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock valued at $175,000 after purchasing an additional 1,654 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of DMC Global by 3.2% during the first quarter. SummerHaven Investment Management LLC now owns 57,390 shares of the industrial products company's stock worth $483,000 after purchasing an additional 1,766 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.