Zacks Research Downgrades DMC Global (NASDAQ:BOOM) to Strong Sell

DMC Global (NASDAQ:BOOM) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Several other research firms have also weighed in on BOOM. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Roth Mkm decreased their target price on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wall Street Zen lowered shares of DMC Global from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, DMC Global presently has an average rating of “Reduce” and an average price target of $9.25.

DMC Global Stock Up 0.5%

Shares of BOOM stock opened at $5.89 on Thursday. The firm’s fifty day moving average price is $7.79 and its two-hundred day moving average price is $7.26. The company has a current ratio of 2.50, a quick ratio of 1.41 and a debt-to-equity ratio of 0.20. DMC Global has a 1 year low of $5.46 and a 1 year high of $9.20. The firm has a market capitalization of $120.66 million, a P/E ratio of -6.62 and a beta of 1.57.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, February 23rd. The industrial products company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.39). The business had revenue of $143.53 million for the quarter, compared to analyst estimates of $142.37 million. DMC Global had a negative return on equity of 2.77% and a negative net margin of 3.01%. On average, equities analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Insider Activity at DMC Global

In other news, insider James Schladen sold 17,718 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $6.00, for a total value of $106,308.00. Following the transaction, the insider directly owned 532,958 shares of the company’s stock, valued at $3,197,748. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new position in DMC Global in the 3rd quarter valued at about $31,000. Van Den Berg Management I Inc. bought a new position in shares of DMC Global during the third quarter worth approximately $86,000. Jump Financial LLC bought a new position in shares of DMC Global during the second quarter worth approximately $86,000. SG Americas Securities LLC bought a new stake in DMC Global in the 3rd quarter valued at $91,000. Finally, BNP Paribas Financial Markets grew its holdings in DMC Global by 908.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock valued at $93,000 after buying an additional 10,406 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.