Dynamic Materials Corp. (NASDAQ:BOOM) shares traded down 10% during trading on Wednesday . The stock 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.

Several research analysts recently commented on the stock. Sidoti downgraded shares of Dynamic Materials Corp. from a “buy” rating to a “neutral” rating in a report on Friday, June 10th. Zacks Investment Research downgraded shares of Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.67.

The company’s market cap is $151.33 million. The stock has a 50-day moving average of $10.77 and a 200-day moving average of $8.16.

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

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, June 28th.

In other news, CEO Kevin T. Longe sold 6,624 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $10.49, for a total value of $69,485.76. Following the completion of the transaction, the chief executive officer now owns 97,000 shares in the company, valued at $1,017,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Aldous purchased 3,500 shares of Dynamic Materials Corp. stock in a transaction dated Friday, May 13th. The stock was bought at an average price of $8.24 per share, with a total value of $28,840.00. Following the acquisition, the director now directly owns 16,320 shares of the company’s stock, valued at $134,476.80. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in BOOM. Hunter Associates inc. boosted its position 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 during the period. Royce & Associates LLC boosted its position 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 during the period. Finally, Dimensional Fund Advisors LP boosted its position 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 during the period.

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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