Stifel Nicolaus Boosts DMC Global (NASDAQ:BOOM) Price Target to $9.50

DMC Global (NASDAQ:BOOM - Free Report) had its price objective lifted by Stifel Nicolaus from $8.00 to $9.50 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the industrial products company's stock.

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

DMC Global Trading Down 0.1 %

BOOM stock traded down $0.01 during midday trading on Wednesday, reaching $8.48. The company's stock had a trading volume of 230,968 shares, compared to its average volume of 222,722. 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 stock has a fifty day simple moving average of $7.86 and a two-hundred day simple moving average of $9.57. DMC Global has a 1 year low of $6.64 and a 1 year high of $19.72. The firm has a market capitalization of $171.65 million, a price-to-earnings ratio of -1.07 and a beta of 1.59.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, topping analysts' consensus estimates 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 negative net margin of 14.23% and a positive return on equity of 1.45%. On average, equities research analysts predict that DMC Global will post -0.23 EPS for the current year.

Institutional Trading of DMC Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Voss Capital LP lifted its position in shares of DMC Global by 229.0% during the fourth quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock valued at $7,491,000 after buying an additional 709,413 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of DMC Global by 325.7% during the fourth quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock valued at $6,412,000 after buying an additional 667,429 shares during the last quarter. Invenomic Capital Management LP purchased a new position in DMC Global in the fourth quarter worth $1,443,000. Hunter Associates Investment Management LLC grew its holdings in DMC Global by 19.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company's stock worth $3,078,000 after purchasing an additional 67,410 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in DMC Global in the fourth quarter worth $397,000. Institutional investors own 77.63% of the company's stock.

About DMC Global

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.