DMC Global (NASDAQ:BOOM) Downgraded to Sell Rating by Wall Street Zen

DMC Global (NASDAQ:BOOM) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on BOOM. Weiss Ratings reiterated a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Roth Mkm cut their price objective on DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Zacks Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DMC Global presently has a consensus rating of “Hold” and an average price target of $9.25.

DMC Global Price Performance

Shares of BOOM stock opened at $5.89 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.41 and a current ratio of 2.50. DMC Global has a fifty-two week low of $5.46 and a fifty-two week high of $9.20. The firm has a market cap of $120.66 million, a P/E ratio of -6.62 and a beta of 1.57. The business’s 50 day moving average price is $7.79 and its 200-day moving average price is $7.26.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, February 23rd. The industrial products company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.39). DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. The company had revenue of $143.53 million during the quarter, compared to the consensus estimate of $142.37 million. On average, equities research analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In other DMC Global news, insider James Schladen sold 17,718 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $6.00, for a total transaction of $106,308.00. Following the completion of the sale, the insider directly owned 532,958 shares in the company, valued at approximately $3,197,748. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of DMC Global during the third quarter valued at approximately $31,000. Van Den Berg Management I Inc. purchased a new position in DMC Global in the 3rd quarter worth approximately $86,000. Jump Financial LLC bought a new position in DMC Global in the 2nd quarter valued at approximately $86,000. SG Americas Securities LLC bought a new position in DMC Global in the 3rd quarter valued at approximately $91,000. Finally, BNP Paribas Financial Markets boosted its stake in DMC Global by 908.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 10,406 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

DMC Global Company Profile

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.