DMC Global (NASDAQ:BOOM) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of DMC Global (NASDAQ:BOOM) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $8.50.

DMC Global Price Performance

Shares of BOOM stock opened at $7.01 on Monday. The firm’s 50 day moving average price is $6.49 and its two-hundred day moving average price is $7.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.41 and a current ratio of 2.76. DMC Global has a 52-week low of $5.46 and a 52-week high of $9.92. The stock has a market cap of $144.34 million, a PE ratio of -14.91 and a beta of 1.49.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Tuesday, November 4th. The industrial products company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.09). DMC Global had a negative net margin of 1.69% and a positive return on equity of 1.89%. The business had revenue of $151.53 million for the quarter, compared to the consensus estimate of $145.90 million. As a group, analysts forecast that DMC Global will post -0.23 EPS for the current year.

Insider Buying and Selling at DMC Global

In other news, insider James Schladen sold 17,718 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total value of $106,308.00. Following the completion of the transaction, the insider owned 532,958 shares in the company, valued at $3,197,748. This trade represents a 3.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of DMC Global by 55.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 137,128 shares of the industrial products company’s stock worth $1,155,000 after purchasing an additional 48,732 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in DMC Global during the first quarter worth $1,139,000. Strs Ohio bought a new stake in DMC Global during the first quarter worth $487,000. Villanova Investment Management Co LLC raised its position in DMC Global by 164.9% during the second quarter. Villanova Investment Management Co LLC now owns 135,613 shares of the industrial products company’s stock worth $1,093,000 after acquiring an additional 84,420 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in DMC Global by 3.9% in the second quarter. SummerHaven Investment Management LLC now owns 59,603 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 2,213 shares during the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

About DMC Global

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.