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Dynamic Materials Corp. (NASDAQ:BOOM) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

The analysts wrote, “Dynamic Materials (BOOM) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Dynamic Materials Corp. in a research note on Friday, May 30th. They set a “buy” rating and a $29.00 price target on the stock. Analysts at Zacks upgraded shares of Dynamic Materials Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $19.70 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.34.

Dynamic Materials Corp. (NASDAQ:BOOM) traded down 0.31% on Thursday, hitting $22.31. 7,115 shares of the company’s stock traded hands. Dynamic Materials Corp. has a one year low of $16.00 and a one year high of $24.09. The stock has a 50-day moving average of $20.96 and a 200-day moving average of $20.95. The company has a market cap of $311.1 million and a P/E ratio of 35.02.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its earnings results on Tuesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $48.00 million for the quarter, compared to the consensus estimate of $48.63 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Dynamic Materials Corp. will post $0.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, June 26th.

Dynamic Materials Corporation (NASDAQ:BOOM) is a provider of explosion-welded clad metal plates.

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