DMC Global (NASDAQ:BOOM) Cut to Sell at StockNews.com

StockNews.com lowered shares of DMC Global (NASDAQ:BOOM) from a hold rating to a sell rating in a report released on Saturday.

Separately, Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $8.00 in a research report on Wednesday, November 20th.

DMC Global Price Performance

Shares of DMC Global stock opened at $7.19 on Friday. The stock has a market cap of $143.99 million, a price-to-earnings ratio of -0.91 and a beta of 1.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The stock has a 50 day moving average price of $9.52 and a 200-day moving average price of $11.70. DMC Global has a one year low of $7.11 and a one year high of $19.73.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data 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). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities analysts expect that DMC Global will post -0.23 EPS for the current year.

Institutional Trading of DMC Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC grew its holdings in shares of DMC Global by 5.6% in the third quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 1,120 shares during the last quarter. FMR LLC grew its stake in DMC Global by 146.1% in the 3rd 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. Quest Partners LLC increased its position 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. Rhumbline Advisers raised its stake in shares of DMC Global by 5.4% during the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 1,648 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of DMC Global in the second quarter valued at approximately $25,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

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.