StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM - Free Report) from a sell rating to a hold rating in a research note issued to investors on Monday.
Separately, Stifel Nicolaus lowered shares of DMC Global from a "buy" rating to a "hold" rating and lowered their target price for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th.
Read Our Latest Research Report on DMC Global
DMC Global Stock Performance
NASDAQ:BOOM traded down $0.09 during midday trading on Monday, reaching $8.60. The stock had a trading volume of 135,943 shares, compared to its average volume of 200,618. DMC Global has a 1-year low of $6.64 and a 1-year high of $19.72. The firm's fifty day simple moving average is $7.60 and its 200-day simple moving average is $9.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The stock has a market capitalization of $172.26 million, a P/E ratio of -1.09 and a beta of 1.59.
Institutional Trading of DMC Global
Several hedge funds and other institutional investors have recently bought and sold shares of BOOM. Voss Capital LP grew its position in DMC Global by 229.0% in the 4th quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock worth $7,491,000 after purchasing an additional 709,413 shares during the last quarter. Hunter Associates Investment Management LLC grew its position in DMC Global by 19.1% in the 4th 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. Susquehanna Fundamental Investments LLC acquired a new stake in DMC Global in the 4th quarter worth $397,000. Russell Investments Group Ltd. grew its position in DMC Global by 18,343.8% in the 4th quarter. Russell Investments Group Ltd. now owns 53,856 shares of the industrial products company's stock worth $396,000 after purchasing an additional 53,564 shares during the last quarter. Finally, Cooke & Bieler LP grew its position in DMC Global by 3.1% in the 4th quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company's stock worth $12,888,000 after purchasing an additional 53,478 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.
DMC Global Company Profile
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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.
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