DMC Global (NASDAQ:BOOM) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM - Free Report) from a sell rating to a hold rating in a research note published on Wednesday.

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

DMC Global Trading Down 0.1 %

DMC Global stock traded down $0.01 during mid-day trading on Wednesday, hitting $8.48. 230,968 shares of the company's stock were exchanged, compared to its average volume of 222,722. The firm has a market capitalization of $171.65 million, a P/E ratio of -1.07 and a beta of 1.59. DMC Global has a fifty-two week low of $6.64 and a fifty-two week high of $19.72. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The company's 50 day simple moving average is $7.86 and its 200-day simple moving average is $9.57.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.38. The business had revenue of $152.37 million for the quarter, compared to the consensus estimate 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, equities analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Institutional Trading of DMC Global

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position 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 acquiring an additional 1,334 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of DMC Global in the fourth quarter valued at about $50,000. AlphaQuest LLC increased its position in shares of DMC Global by 27.9% in the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 1,876 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of DMC Global by 29.5% in the fourth quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock valued at $86,000 after acquiring an additional 2,667 shares during the last quarter. Finally, Quest Partners LLC increased its position in shares of DMC Global by 25.7% in the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 1,373 shares during the last quarter. Institutional investors and hedge funds 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.