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

DMC Global (NASDAQ:BOOM) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. They currently have a $8.00 price target on the industrial products company’s stock, down from their previous price target of $16.00. Stifel Nicolaus’ price target indicates a potential upside of 5.96% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded DMC Global from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm restated a “buy” rating and set a $24.00 price objective on shares of DMC Global in a report on Wednesday, July 31st.

DMC Global Stock Down 3.9 %

Shares of NASDAQ:BOOM opened at $7.55 on Wednesday. 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 cap of $151.20 million, a price-to-earnings ratio of -0.96 and a beta of 1.66. The company has a 50 day moving average of $11.29 and a 200-day moving average of $12.42. DMC Global has a one year low of $7.53 and a one year high of $19.73.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The business had revenue of $152.43 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.50 EPS. On average, sell-side analysts forecast that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Several large investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of DMC Global in the 2nd quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC acquired a new position in shares of DMC Global in the first quarter valued at approximately $26,000. FMR LLC increased its position in shares of DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares in the last quarter. CWM LLC increased its position in shares of DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 1,373 shares during the period. 77.63% of the stock is currently owned by institutional investors.

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.