DMC Global (NASDAQ:BOOM) Stock Rating Lowered by Zacks Research

DMC Global (NASDAQ:BOOM) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of DMC Global in a report on Monday, December 29th. Wall Street Zen cut shares of DMC Global from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Roth Mkm dropped their price target on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, DMC Global currently has a consensus rating of “Reduce” and an average price target of $9.25.

DMC Global Trading Up 0.5%

DMC Global stock traded up $0.03 during trading on Thursday, reaching $5.89. 631,971 shares of the company were exchanged, compared to its average volume of 354,846. The stock’s 50 day simple moving average is $7.79 and its two-hundred day simple moving average is $7.26. The company has a market capitalization of $120.66 million, a P/E ratio of -6.62 and a beta of 1.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.41. DMC Global has a 52-week low of $5.46 and a 52-week high of $9.20.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Monday, February 23rd. The industrial products company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.39). The firm had revenue of $143.53 million during the quarter, compared to analyst estimates of $142.37 million. DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. On average, equities research analysts expect that DMC Global will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other DMC Global news, insider James Schladen sold 17,718 shares of DMC Global stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total value of $106,308.00. Following the transaction, the insider directly owned 532,958 shares in the company, valued at approximately $3,197,748. This trade represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DMC Global

Institutional investors have recently added to or reduced their stakes in the business. AMH Equity Ltd purchased a new stake in DMC Global during the 3rd quarter worth approximately $845,000. Villanova Investment Management Co LLC increased its holdings in DMC Global by 164.9% in the second quarter. Villanova Investment Management Co LLC now owns 135,613 shares of the industrial products company’s stock valued at $1,093,000 after buying an additional 84,420 shares during the last quarter. Inspire Advisors LLC acquired a new stake in DMC Global during the second quarter valued at approximately $350,000. Cooke & Bieler LP raised its stake in DMC Global by 0.7% during the second quarter. Cooke & Bieler LP now owns 1,977,803 shares of the industrial products company’s stock valued at $15,941,000 after buying an additional 14,150 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in DMC Global by 12.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 670,390 shares of the industrial products company’s stock worth $5,665,000 after buying an additional 75,416 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.