Dynamic Materials Corp. Upgraded to “Buy” at S&P Equity Research (BOOM)
Dynamic Materials Corp. (NASDAQ:BOOM) was upgraded by investment analysts at S&P Equity Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Analyst Ratings News reports.
Shares of Dynamic Materials Corp. (NASDAQ:BOOM) traded down 0.96% during mid-day trading on Monday, hitting $21.66. 13,553 shares of the company’s stock traded hands. Dynamic Materials Corp. has a 1-year low of $15.19 and a 1-year high of $24.09. The stock’s 50-day moving average is $21.88 and its 200-day moving average is $21.77. The company has a market cap of $298.0 million and a price-to-earnings ratio of 29.71.
Separately, analysts at Zacks downgraded shares of Dynamic Materials Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $24.40 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Dynamic Materials Corp. currently has a consensus rating of “Buy” and a consensus target price of $24.10.
Dynamic Materials Corporation (NASDAQ:BOOM) is a provider of explosion-welded clad metal plates.
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