Dynamic Materials Corp. (NASDAQ:BOOM) shares rose 2.7% during mid-day trading on Wednesday . The company traded as high as $11.77 and last traded at $11.61, with a volume of 59,483 shares changing hands. The stock had previously closed at $11.31.

BOOM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. Sidoti downgraded shares of Dynamic Materials Corp. from a “buy” rating to a “neutral” rating in a report on Friday, June 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.67.

The company’s market capitalization is $168.02 million. The firm’s 50 day moving average price is $10.84 and its 200 day moving average price is $8.63.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.03. The firm had revenue of $41.30 million for the quarter, compared to analyst estimates of $41.29 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, analysts predict that Dynamic Materials Corp. will post ($0.21) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Tuesday, June 28th.

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

A hedge fund recently raised its stake in Dynamic Materials Corp. stock. Dimensional Fund Advisors LP raised its position in Dynamic Materials Corp. (NASDAQ:BOOM) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,818 shares of the company’s stock after buying an additional 10,897 shares during the period. Dimensional Fund Advisors LP owned about 3.52% of Dynamic Materials Corp. worth $3,494,000 at the end of the most recent reporting 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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