DMC Global (NASDAQ:BOOM) Stock Moved Up to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of DMC Global (NASDAQ:BOOM) from a buy rating to a strong-buy rating in a research note published on Saturday,Wall Street Zen reports.

Several other analysts have also weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of DMC Global in a research report on Wednesday, August 19th. Zacks Research raised shares of DMC Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of DMC Global from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

DMC Global Stock Up 10.3%

Shares of BOOM stock opened at $9.35 on Friday. DMC Global has a one year low of $4.69 and a one year high of $9.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 1.19. The stock has a fifty day moving average price of $6.22 and a 200 day moving average price of $6.57. The stock has a market cap of $192.05 million, a P/E ratio of -38.96 and a beta of 1.80.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.37. DMC Global had a negative net margin of 1.15% and a negative return on equity of 2.13%. The firm had revenue of $172.83 million for the quarter, compared to analyst estimates of $161.10 million. Analysts predict that DMC Global will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of DMC Global during the 2nd quarter worth about $2,875,000. Empowered Funds LLC bought a new position in DMC Global during the 2nd quarter valued at about $691,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in DMC Global during the 2nd quarter valued at about $287,000. Orchard Capital Management LLC acquired a new position in DMC Global in the second quarter valued at about $123,000. Finally, Great Lakes Advisors LLC acquired a new position in DMC Global in the second quarter valued at about $64,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.

About DMC Global

DMC Global Inc (NASDAQ:BOOM) is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company’s operations have included businesses focused on specialty metalworking and architectural building products.

Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.