ValuEngine Upgrades Dmc Global Inc (BOOM) to Hold

ValuEngine Upgrades Dmc Global Inc (BOOM) to Hold

Dmc Global Inc (NASDAQ:BOOM) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.

BOOM has been the topic of a number of other research reports. TheStreet upgraded shares of Dmc Global from a “d+” rating to a “c-” rating in a research note on Thursday, April 27th. Zacks Investment Research lowered shares of Dmc Global from a “buy” rating to a “hold” rating in a research note on Monday, March 13th. Finally, Roth Capital set a $19.00 target price on shares of Dmc Global and gave the company a “buy” rating in a research note on Saturday, March 11th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.50.

Shares of Dmc Global (NASDAQ:BOOM) traded up 6.81% during trading on Friday, hitting $14.90. The company’s stock had a trading volume of 34,557 shares. The firm’s 50 day moving average price is $13.54 and its 200-day moving average price is $14.68. Dmc Global has a 52 week low of $9.20 and a 52 week high of $17.19. The company’s market cap is $219.39 million.

Dmc Global (NASDAQ:BOOM) last issued its earnings results on Friday, April 28th. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.04. The company had revenue of $39 million during the quarter, compared to analyst estimates of $37.85 million. Dmc Global had a negative net margin of 12.70% and a negative return on equity of 5.38%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. On average, analysts predict that Dmc Global will post $0.18 earnings per share for the current year.

Several large investors have recently made changes to their positions in BOOM. Rutabaga Capital Management LLC MA increased its stake in shares of Dmc Global by 1.9% in the first quarter. Rutabaga Capital Management LLC MA now owns 625,750 shares of the industrial products company’s stock worth $7,759,000 after buying an additional 11,900 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Dmc Global by 5.4% in the first quarter. Renaissance Technologies LLC now owns 146,000 shares of the industrial products company’s stock worth $1,810,000 after buying an additional 7,432 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dmc Global by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 672,184 shares of the industrial products company’s stock worth $8,335,000 after buying an additional 38,054 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Dmc Global by 5.1% in the first quarter. Geode Capital Management LLC now owns 101,268 shares of the industrial products company’s stock worth $1,255,000 after buying an additional 4,916 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Dmc Global by 2.4% in the first quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock worth $7,234,000 after buying an additional 13,420 shares in the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

Dmc Global Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BOOM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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