Dmc Global (NASDAQ:BOOM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “DMC Global Inc. is a technology company. Its operating sector consists of industrial infrastructure and oilfield products and services. Industrial infrastructure sector is served by DMC’s NobelClad business is a manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment. Oilfield products and services sector is served by DynaEnergetics, is a developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. DMC Global Inc. is based in Boulder, Colorado. “

A number of other research analysts have also recently commented on BOOM. Stephens assumed coverage on Dmc Global in a research note on Wednesday. They issued an “overweight” rating and a $50.00 target price on the stock. Roth Capital set a $50.00 target price on Dmc Global and gave the company a “buy” rating in a research note on Monday, October 29th. BidaskClub raised Dmc Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 4th. ValuEngine cut Dmc Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Finally, Sidoti raised Dmc Global from a “neutral” rating to a “buy” rating in a research note on Friday, October 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.60.

BOOM traded down $0.17 during trading on Thursday, reaching $36.39. The stock had a trading volume of 46,574 shares, compared to its average volume of 69,997. The stock has a market cap of $543.35 million, a PE ratio of 227.44, a P/E/G ratio of 0.73 and a beta of 0.56. The company has a quick ratio of 1.28, a current ratio of 2.15 and a debt-to-equity ratio of 0.35. Dmc Global has a one year low of $20.11 and a one year high of $51.05.

Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.19. The business had revenue of $87.88 million for the quarter, compared to analysts’ expectations of $83.35 million. Dmc Global had a return on equity of 22.24% and a net margin of 4.56%. As a group, equities analysts anticipate that Dmc Global will post 2 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC bought a new position in shares of Dmc Global during the third quarter valued at about $132,000. Macquarie Group Ltd. bought a new position in shares of Dmc Global during the second quarter valued at about $135,000. HRT Financial LLC bought a new position in shares of Dmc Global during the third quarter valued at about $208,000. Raymond James & Associates bought a new position in shares of Dmc Global during the second quarter valued at about $230,000. Finally, Credit Suisse AG bought a new position in shares of Dmc Global during the third quarter valued at about $246,000. 87.02% of the stock is currently owned by hedge funds and other institutional investors.

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 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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