DMC Global (NASDAQ:BOOM) Stock Rating Upgraded by Wall Street Zen

DMC Global (NASDAQ:BOOM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

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

DMC Global Price Performance

Shares of BOOM opened at $7.66 on Friday. DMC Global has a fifty-two week low of $4.69 and a fifty-two week high of $9.20. The firm’s 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $6.60. The stock has a market cap of $157.34 million, a PE ratio of -8.24 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 2.56.

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

Hedge Funds Weigh In On DMC Global

A number of hedge funds have recently bought and sold shares of BOOM. Steel Partners Holdings L.P. bought a new stake in shares of DMC Global during the 4th quarter valued at about $13,200,000. Gendell Jeffrey L bought a new position in shares of DMC Global in the 4th quarter worth approximately $6,036,000. BlackRock Inc. purchased a new position in shares of DMC Global in the second quarter worth approximately $2,875,000. Federated Hermes Inc. boosted its holdings in shares of DMC Global by 159.3% in the second quarter. Federated Hermes Inc. now owns 603,614 shares of the industrial products company’s stock worth $4,865,000 after buying an additional 370,833 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in DMC Global during the fourth quarter valued at approximately $1,953,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Company Profile

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.