Dmc Global Inc (BOOM) Given Average Rating of “Buy” by Brokerages
Dmc Global Inc (NASDAQ:BOOM) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $53.00.
A number of research analysts have weighed in on BOOM shares. BidaskClub downgraded shares of Dmc Global from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. ValuEngine lowered shares of Dmc Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Sidoti upgraded shares of Dmc Global from a “neutral” rating to a “buy” rating in a report on Friday, October 26th. Stephens began coverage on shares of Dmc Global in a report on Wednesday, January 9th. They issued an “overweight” rating and a $50.00 price objective on the stock. Finally, Roth Capital set a $50.00 price objective on shares of Dmc Global and gave the stock a “buy” rating in a report on Monday, October 29th.
NASDAQ BOOM traded down $0.19 on Monday, reaching $34.44. 53,200 shares of the company’s stock traded hands, compared to its average volume of 61,671. The company has a market capitalization of $515.94 million, a PE ratio of 215.25, a P/E/G ratio of 0.71 and a beta of 0.48. Dmc Global has a fifty-two week low of $20.80 and a fifty-two week high of $51.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 1.28.
A number of large investors have recently bought and sold shares of BOOM. Bank of New York Mellon Corp increased its holdings in Dmc Global by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 61,882 shares of the industrial products company’s stock worth $2,174,000 after purchasing an additional 5,751 shares in the last quarter. BlackRock Inc. increased its stake in shares of Dmc Global by 2.8% in the fourth quarter. BlackRock Inc. now owns 972,696 shares of the industrial products company’s stock valued at $34,161,000 after buying an additional 26,653 shares during the period. Mackenzie Financial Corp grew its stake in Dmc Global by 935.0% during the fourth quarter. Mackenzie Financial Corp now owns 82,798 shares of the industrial products company’s stock worth $2,908,000 after purchasing an additional 74,798 shares during the period. Group One Trading L.P. acquired a new stake in Dmc Global during the fourth quarter worth approximately $92,000. Finally, Rhumbline Advisers grew its stake in Dmc Global by 46.7% during the fourth quarter. Rhumbline Advisers now owns 18,764 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 5,974 shares during the period. Hedge funds and other institutional investors own 87.00% of the company’s stock.
Dmc Global Company Profile
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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