Dmc Global (BOOM) Hits New 52-Week High at $26.85
Dmc Global Inc (NASDAQ:BOOM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.85 and last traded at $26.82, with a volume of 45483 shares trading hands. The stock had previously closed at $25.65.
Several research analysts have recently issued reports on BOOM shares. BidaskClub lowered shares of Dmc Global from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Dmc Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.50.
The company has a market cap of $382.32, a P/E ratio of -21.64, a PEG ratio of 1.02 and a beta of 0.74. The company has a current ratio of 2.19, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17.
A number of institutional investors have recently added to or reduced their stakes in the stock. Hunter Associates Investment Management LLC boosted its stake in Dmc Global by 1.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 343,184 shares of the industrial products company’s stock worth $8,597,000 after acquiring an additional 3,650 shares during the last quarter. Millennium Management LLC bought a new position in Dmc Global during the 4th quarter worth approximately $1,235,000. Two Sigma Investments LP boosted its stake in Dmc Global by 63.1% during the 4th quarter. Two Sigma Investments LP now owns 51,258 shares of the industrial products company’s stock worth $1,284,000 after acquiring an additional 19,823 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Dmc Global by 31.5% during the 4th quarter. Two Sigma Advisers LP now owns 35,081 shares of the industrial products company’s stock worth $879,000 after acquiring an additional 8,400 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in Dmc Global during the 4th quarter worth approximately $594,000. 86.34% of the stock is currently owned by institutional investors and hedge funds.
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About Dmc Global
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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