DMC Global (NASDAQ:BOOM) Price Target Cut to $7.00 by Analysts at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) had its price objective decreased by stock analysts at Stifel Nicolaus from $8.00 to $7.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 23.46% from the stock’s previous close.

BOOM has been the topic of several other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of DMC Global in a research note on Monday, December 29th. Roth Mkm decreased their target price on DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Zacks Research cut shares of DMC Global from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of DMC Global from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, DMC Global presently has an average rating of “Reduce” and a consensus target price of $8.50.

DMC Global Stock Down 3.4%

Shares of NASDAQ BOOM traded down $0.20 during trading hours on Tuesday, hitting $5.67. The company had a trading volume of 303,290 shares, compared to its average volume of 280,000. DMC Global has a 1-year low of $5.46 and a 1-year high of $9.20. The company has a quick ratio of 1.24, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $7.78 and its 200-day moving average is $7.27. The stock has a market capitalization of $116.16 million, a P/E ratio of -6.37 and a beta of 1.57.

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

Insider Transactions at DMC Global

In other DMC Global news, insider James Schladen sold 17,718 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $6.00, for a total transaction of $106,308.00. Following the sale, the insider directly owned 532,958 shares of the company’s stock, valued at $3,197,748. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOOM. Quarry LP purchased a new stake in shares of DMC Global in the third quarter worth $31,000. Van Den Berg Management I Inc. bought a new position in DMC Global in the 3rd quarter worth about $86,000. Jump Financial LLC purchased a new stake in shares of DMC Global in the 2nd quarter valued at about $86,000. SG Americas Securities LLC bought a new stake in shares of DMC Global during the 3rd quarter valued at about $91,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of DMC Global by 908.0% during the second quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 10,406 shares in the last quarter. 77.63% of the stock is 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.