DMC Global (NASDAQ:BOOM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DMC Global (NASDAQ:BOOM) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the company. Zacks Research raised DMC Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DMC Global in a report on Friday, May 22nd. Finally, Stifel Nicolaus upped their price objective on DMC Global from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.00.

DMC Global Stock Performance

Shares of NASDAQ BOOM opened at $7.46 on Friday. The firm’s 50-day moving average price is $6.56 and its 200-day moving average price is $6.59. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.23. The company has a market cap of $153.23 million, a PE ratio of -8.02 and a beta of 1.74. DMC Global has a 52-week low of $4.69 and a 52-week high of $9.20.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.19. DMC Global had a negative net margin of 3.37% and a negative return on equity of 6.84%. The firm had revenue of $156.95 million during the quarter, compared to analysts’ expectations of $148.97 million. As a group, analysts anticipate that DMC Global will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new position in shares of DMC Global during the 1st quarter worth $214,000. Goldman Sachs Group Inc. increased its stake in shares of DMC Global by 55.1% in 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. Empowered Funds LLC raised its holdings in DMC Global by 7.5% in the 1st quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company’s stock worth $866,000 after purchasing an additional 7,216 shares during the period. Jane Street Group LLC raised its holdings in DMC Global by 102.5% in the 1st quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 13,864 shares during the period. Finally, Focus Partners Wealth raised its holdings in DMC Global by 39.9% in the 1st quarter. Focus Partners Wealth now owns 70,539 shares of the industrial products company’s stock worth $594,000 after purchasing an additional 20,110 shares during the period. 77.63% of the stock is currently owned by institutional investors.

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.