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Dynamic Materials (NASDAQ:BOOM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday. They currently have a $18.40 target price on the stock. Zacks‘s price objective would suggest a potential downside of 6.31% from the company’s current price.

Dynamic Materials (NASDAQ:BOOM) traded up 1.13% during mid-day trading on Thursday, hitting $19.6401. 15,705 shares of the company’s stock traded hands. Dynamic Materials has a 52 week low of $18.12 and a 52 week high of $24.09. The stock has a 50-day moving average of $20.97 and a 200-day moving average of $20.77. The company has a market cap of $274.5 million and a P/E ratio of 32.92.

Dynamic Materials (NASDAQ:BOOM) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $53.60 million for the quarter, compared to the consensus estimate of $54.32 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that Dynamic Materials will post $0.81 EPS for the current fiscal year.

A number of other firms have also recently commented on BOOM. Analysts at TheStreet upgraded shares of Dynamic Materials from a “hold” rating to a “buy” rating in a research note on Thursday, June 19th. Analysts at Stifel Nicolaus initiated coverage on shares of Dynamic Materials in a research note on Friday, May 30th. They set a “buy” rating and a $29.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Dynamic Materials currently has a consensus rating of “Buy” and an average target price of $24.08.

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

To view Zacks’ full report, visit Zacks’ official website.

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