DMC Global (NASDAQ:BOOM) Rating Lowered to “Sell” at Wall Street Zen

DMC Global (NASDAQ:BOOM) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research firms have also weighed in on BOOM. Zacks Research raised DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a report on Monday, December 29th. Finally, Roth Mkm decreased their price target on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, DMC Global presently has an average rating of “Reduce” and an average price target of $9.25.

DMC Global Stock Performance

Shares of DMC Global stock opened at $5.89 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20. The company has a market cap of $120.69 million, a PE ratio of -6.62 and a beta of 1.61. The company has a 50 day moving average of $7.79 and a 200-day moving average of $7.28. DMC Global has a 1-year low of $5.46 and a 1-year high of $9.20.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Monday, February 23rd. The industrial products company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.39). DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. The firm had revenue of $143.53 million for the quarter, compared to analyst estimates of $142.37 million. As a group, equities research analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James Schladen sold 17,718 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DMC Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steel Partners Holdings L.P. bought a new position in shares of DMC Global during the fourth quarter valued at $13,200,000. Gendell Jeffrey L acquired a new stake in DMC Global in the fourth quarter valued at $6,036,000. Federated Hermes Inc. raised its position in DMC Global by 159.3% during the 2nd quarter. Federated Hermes Inc. now owns 603,614 shares of the industrial products company’s stock worth $4,865,000 after purchasing an additional 370,833 shares during the last quarter. Mackenzie Financial Corp acquired a new position in DMC Global during the 4th quarter worth about $1,953,000. Finally, Bridgeway Capital Management LLC grew its position in shares of DMC Global by 55.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 319,238 shares of the industrial products company’s stock valued at $2,698,000 after buying an additional 114,320 shares during the last quarter. 77.63% of the stock is currently 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.