Positive News Coverage Somewhat Unlikely to Impact Dynamic Materials Corp. (BOOM) Share Price
Media stories about Dynamic Materials Corp. (NASDAQ:BOOM) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dynamic Materials Corp. earned a news sentiment score of 0.30 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.3281704006989 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Dynamic Materials Corp. (BOOM) Director Yvon Pierre Cariou Sells 9,935 Shares (americanbankingnews.com)
- Noteworthy Monday Option Activity: SANM, BOOM, RH (stockoptionschannel.com)
- How To YieldBoost BOOM From 0.4% To 12.5% Using Options (thestreet.com)
- DMC Global Joins Rank Of Stocks With 95-Plus Composite Rating (finance.yahoo.com)
- Dynamic Materials Corp. (BOOM) Upgraded to Strong-Buy by Zacks Investment Research (americanbankingnews.com)
Dynamic Materials Corp. (NASDAQ:BOOM) traded up $0.18 on Monday, reaching $21.18. 13,188 shares of the company’s stock were exchanged, compared to its average volume of 63,604. The company has a current ratio of 2.76, a quick ratio of 1.80 and a debt-to-equity ratio of 0.21. Dynamic Materials Corp. has a 1 year low of $11.50 and a 1 year high of $23.27.
Dynamic Materials Corp. (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.13. The firm had revenue of $52.16 million for the quarter, compared to the consensus estimate of $46.25 million. Dynamic Materials Corp. had a negative net margin of 10.69% and a negative return on equity of 1.20%. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) EPS. analysts expect that Dynamic Materials Corp. will post 0.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, September 28th. Dynamic Materials Corp.’s dividend payout ratio is -6.01%.
A number of brokerages have commented on BOOM. Zacks Investment Research upgraded shares of Dynamic Materials Corp. from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research note on Monday, October 30th. Roth Capital set a $22.00 price target on shares of Dynamic Materials Corp. and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, ValuEngine upgraded shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
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In other Dynamic Materials Corp. news, Director Yvon Pierre Cariou sold 9,935 shares of Dynamic Materials Corp. stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $21.89, for a total transaction of $217,477.15. Following the transaction, the director now directly owns 207,313 shares of the company’s stock, valued at approximately $4,538,081.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by insiders.
About Dynamic Materials Corp.
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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