Somewhat Favorable News Coverage Somewhat Unlikely to Impact Dynamic Materials Corp. (BOOM) Stock Price
Headlines about Dynamic Materials Corp. (NASDAQ:BOOM) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dynamic Materials Corp. earned a news impact score of 0.25 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.002588516524 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages recently issued reports on BOOM. Zacks Investment Research raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Roth Capital set a $22.00 price objective on shares of Dynamic Materials Corp. and gave the company a “buy” rating in a report on Tuesday, October 24th.
Dynamic Materials Corp. (NASDAQ:BOOM) opened at $21.15 on Friday. Dynamic Materials Corp. has a fifty-two week low of $11.60 and a fifty-two week high of $23.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.76 and a quick ratio of 1.80.
Dynamic Materials Corp. (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. Dynamic Materials Corp. had a negative net margin of 10.69% and a negative return on equity of 1.20%. The company had revenue of $52.16 million during the quarter, compared to analysts’ expectations of $46.25 million. During the same quarter in the previous year, the company earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. equities research analysts expect that Dynamic Materials Corp. will post 0.21 EPS for the current fiscal year.
In other Dynamic Materials Corp. news, insider Kevin T. Longe sold 3,642 shares of Dynamic Materials Corp. stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $21.50, for a total value of $78,303.00. Following the completion of the transaction, the insider now owns 225,089 shares of the company’s stock, valued at $4,839,413.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yvon Pierre Cariou sold 15,065 shares of Dynamic Materials Corp. stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $21.15, for a total transaction of $318,624.75. Following the completion of the transaction, the director now directly owns 199,414 shares of the company’s stock, valued at approximately $4,217,606.10. The disclosure for this sale can be found here. Insiders sold 28,642 shares of company stock valued at $614,405 in the last ninety days. 5.10% of the stock is owned by corporate insiders.
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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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