DMC Global (NASDAQ:BOOM) Cut to Hold at Stifel Nicolaus

Stifel Nicolaus downgraded shares of DMC Global (NASDAQ:BOOM - Free Report) from a buy rating to a hold rating in a report released on Wednesday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has $8.00 price objective on the industrial products company's stock, down from their prior price objective of $16.00.

A number of other analysts have also commented on BOOM. Roth Mkm reissued a "buy" rating and issued a $24.00 price objective on shares of DMC Global in a research report on Wednesday, July 31st. StockNews.com upgraded shares of DMC Global from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th.

DMC Global Stock Down 3.7 %

BOOM stock traded down $0.28 during midday trading on Wednesday, reaching $7.27. The company had a trading volume of 315,371 shares, compared to its average volume of 264,858. The company has a 50 day moving average of $11.29 and a two-hundred day moving average of $12.42. DMC Global has a 1 year low of $7.26 and a 1 year high of $19.73. The company has a market capitalization of $145.59 million, a P/E ratio of -0.96 and a beta of 1.66. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in DMC Global in the 1st quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in DMC Global in the 2nd quarter worth approximately $25,000. FMR LLC increased its position in shares of DMC Global by 146.1% during the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 1,334 shares during the last quarter. CWM LLC boosted its holdings in DMC Global by 1,245.4% during the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 2,553 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company's stock worth $87,000 after buying an additional 1,373 shares during the period. 77.63% of the stock is currently owned by institutional investors.

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.