Dmc Global (NASDAQ:BOOM) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
Separately, Zacks Investment Research raised Dmc Global from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $25.50.
Dmc Global (NASDAQ BOOM) traded down $0.70 during mid-day trading on Wednesday, hitting $27.65. The company had a trading volume of 22,608 shares, compared to its average volume of 72,497. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 2.19. The firm has a market cap of $406.91, a price-to-earnings ratio of -21.03, a P/E/G ratio of 1.08 and a beta of 0.74. Dmc Global has a twelve month low of $11.60 and a twelve month high of $28.95.
Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The business had revenue of $54.50 million for the quarter, compared to analyst estimates of $54.87 million. Dmc Global had a positive return on equity of 1.95% and a negative net margin of 9.78%. The business’s revenue was up 35.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) EPS. equities research analysts forecast that Dmc Global will post 1.26 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in shares of Dmc Global by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock valued at $328,000 after acquiring an additional 1,588 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Dmc Global by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 361,262 shares of the industrial products company’s stock worth $6,106,000 after buying an additional 2,400 shares during the last quarter. Renaissance Technologies LLC grew its stake in Dmc Global by 2.1% during the 4th quarter. Renaissance Technologies LLC now owns 150,000 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 3,100 shares during the last quarter. Hunter Associates Investment Management LLC grew its stake in Dmc Global by 1.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 343,184 shares of the industrial products company’s stock worth $8,597,000 after buying an additional 3,650 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Dmc Global by 2.6% during the 2nd quarter. Northern Trust Corp now owns 155,509 shares of the industrial products company’s stock worth $2,038,000 after buying an additional 3,963 shares during the last quarter. 86.34% of the stock is currently owned by institutional investors and hedge funds.
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Dmc Global Company Profile
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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