DMC Global (NASDAQ:BOOM) Upgraded at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM - Free Report) from a sell rating to a hold rating in a report issued on Thursday morning.

Several other brokerages have also commented on BOOM. Stifel Nicolaus dropped their price target on shares of DMC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Roth Mkm reiterated a "buy" rating and issued a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Trading Up 1.1 %

Shares of DMC Global stock traded up $0.09 during mid-day trading on Thursday, hitting $8.23. 327,968 shares of the stock were exchanged, compared to its average volume of 264,438. DMC Global has a twelve month low of $7.96 and a twelve month high of $19.73. The stock has a market capitalization of $164.85 million, a price-to-earnings ratio of -1.04 and a beta of 1.66. The company has a 50-day simple moving average of $11.47 and a 200 day simple moving average of $12.63. 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 quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The firm had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period last year, the firm posted $0.50 EPS. Research analysts forecast that DMC Global will post -0.23 EPS for the current year.

Hedge Funds Weigh In On DMC Global

A number of hedge funds and other institutional investors have recently made changes to their positions in BOOM. Meeder Asset Management Inc. bought a new position in DMC Global during the 2nd quarter valued at about $25,000. Allspring Global Investments Holdings LLC bought a new position in DMC Global during the 1st quarter worth approximately $26,000. FMR LLC lifted its stake in 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 buying an additional 1,334 shares in the last quarter. CWM LLC lifted its stake in DMC Global by 1,245.4% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company's stock valued at $40,000 after buying an additional 2,553 shares in the last quarter. Finally, Quest Partners LLC lifted 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 worth $87,000 after purchasing an additional 1,373 shares in the last quarter. 77.63% of the stock is 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.