Dynamic Materials Corp. (NASDAQ:BOOM)’s share price traded down 10% during mid-day trading on Wednesday . The company traded as low as $10.47 and last traded at $10.97, with a volume of 178,186 shares traded. The stock had previously closed at $12.19.

A number of equities analysts have recently issued reports on the company. Sidoti downgraded Dynamic Materials Corp. from a “buy” rating to a “neutral” rating in a research report on Friday, June 10th. Zacks Investment Research downgraded Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.67.

The company’s market cap is $158.24 million. The firm’s 50 day moving average price is $10.75 and its 200 day moving average price is $8.12.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its earnings results on Thursday, April 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The firm earned $40.50 million during the quarter, compared to analyst estimates of $36.28 million. During the same period last year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts expect that Dynamic Materials Corp. will post $0.04 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.73%.

In related news, Director Yvon Pierre Cariou sold 12,500 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $10.15, for a total value of $126,875.00. Following the completion of the sale, the director now directly owns 243,767 shares of the company’s stock, valued at approximately $2,474,235.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin T. Longe sold 8,250 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $10.34, for a total value of $85,305.00. Following the completion of the sale, the chief executive officer now directly owns 105,250 shares of the company’s stock, valued at $1,088,285. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Dynamic Materials Corp. by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 499,818 shares of the company’s stock valued at $3,494,000 after buying an additional 10,897 shares in the last quarter. Royce & Associates LLC increased its stake in Dynamic Materials Corp. by 2.5% in the fourth quarter. Royce & Associates LLC now owns 634,819 shares of the company’s stock valued at $4,437,000 after buying an additional 15,423 shares in the last quarter. Finally, Hunter Associates inc. increased its stake in Dynamic Materials Corp. by 24.9% in the fourth quarter. Hunter Associates inc. now owns 248,027 shares of the company’s stock valued at $1,734,000 after buying an additional 49,450 shares in the last quarter.

Dynamic Materials Corporation operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s segments are NobelClad and DynaEnergetics. The NobelClad segment is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints.

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