A number of other research firms have also commented on BOOM. Stifel Nicolaus reduced their target price on Dmc Global from $37.00 to $33.00 and set a “buy” rating for the company in a report on Friday, April 24th. Zacks Investment Research lowered Dmc Global from a “hold” rating to a “sell” rating in a research report on Thursday, June 11th. Finally, Stephens upped their target price on shares of Dmc Global from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.25.
BOOM stock opened at $29.38 on Friday. Dmc Global has a twelve month low of $20.15 and a twelve month high of $54.15. The business has a 50 day moving average of $28.31 and a 200 day moving average of $30.68. The firm has a market cap of $433.91 million, a PE ratio of 18.25 and a beta of 1.09. The company has a quick ratio of 1.19, a current ratio of 2.39 and a debt-to-equity ratio of 0.06.
Dmc Global (NASDAQ:BOOM) last issued its earnings results on Thursday, July 23rd. The industrial products company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The firm had revenue of $43.20 million during the quarter, compared to the consensus estimate of $44.25 million. Dmc Global had a return on equity of 13.92% and a net margin of 0.04%. On average, research analysts expect that Dmc Global will post -0.08 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Bank & Trust raised its position in Dmc Global by 175.9% in the first quarter. First Bank & Trust now owns 1,490 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 950 shares during the period. Advisor Group Holdings Inc. purchased a new stake in shares of Dmc Global in the 1st quarter worth $38,000. FDx Advisors Inc. purchased a new position in Dmc Global during the first quarter valued at $50,000. Pacer Advisors Inc. purchased a new position in Dmc Global during the first quarter valued at $55,000. Finally, CWM LLC bought a new stake in Dmc Global during the first quarter valued at about $63,000.
About Dmc Global
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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