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Dynamic Materials Corp. (NASDAQ:BOOM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday. They currently have a $21.20 price objective on the stock. Zacks‘s price objective suggests a potential downside of 4.93% from the stock’s previous close.

Shares of Dynamic Materials Corp. (NASDAQ:BOOM) traded up 1.35% on Friday, hitting $22.60. The stock had a trading volume of 39,593 shares. Dynamic Materials Corp. has a one year low of $16.00 and a one year high of $24.09. The stock’s 50-day moving average is $21.07 and its 200-day moving average is $20.96. The company has a market cap of $315.1 million and a price-to-earnings ratio of 34.90.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its earnings results on Tuesday, April 29th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.02 earnings per share. Dynamic Materials Corp.’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Dynamic Materials Corp. will post $0.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, June 26th.

A number of other analysts have also recently weighed in on BOOM. Analysts at TheStreet upgraded shares of Dynamic Materials Corp. from a “hold” rating to a “buy” rating in a research note on Thursday. Separately, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.64.

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

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