DMC Global (NASDAQ:BOOM) Stock Rating Upgraded by Zacks Research

DMC Global (NASDAQ:BOOM) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

BOOM has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of DMC Global in a report on Wednesday, August 19th. Wall Street Zen upgraded DMC Global from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Stifel Nicolaus increased their target price on DMC Global from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.00.

DMC Global Trading Up 9.7%

Shares of BOOM stock opened at $8.48 on Wednesday. The firm’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $6.56. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $174.18 million, a P/E ratio of -35.33 and a beta of 1.80. DMC Global has a 1 year low of $4.69 and a 1 year high of $9.20.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.37. The business had revenue of $172.83 million for the quarter, compared to analysts’ expectations of $161.10 million. DMC Global had a negative return on equity of 2.13% and a negative net margin of 1.15%. As a group, sell-side analysts predict that DMC Global will post -0.02 EPS for the current year.

Institutional Investors Weigh In On DMC Global

A number of large investors have recently added to or reduced their stakes in BOOM. BlackRock Inc. acquired a new position in DMC Global during the second quarter valued at approximately $2,875,000. Empowered Funds LLC bought a new stake in shares of DMC Global during the second quarter worth about $691,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of DMC Global during the second quarter valued at $287,000. Orchard Capital Management LLC bought a new stake in shares of DMC Global in the 2nd quarter valued at about $123,000. Finally, Great Lakes Advisors LLC acquired a new stake in DMC Global during the 2nd quarter valued at approximately $64,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Company Profile

DMC Global Inc (NASDAQ:BOOM) is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company’s operations have included businesses focused on specialty metalworking and architectural building products.

Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.