DMC Global (NASDAQ:BOOM) Cut to “Sell” at StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Separately, Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Wednesday, November 20th.

DMC Global Stock Down 1.0 %

NASDAQ:BOOM opened at $8.60 on Tuesday. The company has a market cap of $172.26 million, a price-to-earnings ratio of -1.09 and a beta of 1.59. DMC Global has a twelve month low of $6.64 and a twelve month high of $19.72. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $7.62 and a 200-day simple moving average of $9.74.

Institutional Investors Weigh In On DMC Global

A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. JPMorgan Chase & Co. increased its stake in shares of DMC Global by 92.4% during the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock valued at $1,236,000 after buying an additional 45,722 shares during the period. Barclays PLC grew its holdings in DMC Global by 291.0% during the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 19,901 shares in the last quarter. State Street Corp lifted its position in shares of DMC Global by 2.7% in the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after purchasing an additional 10,561 shares during the period. Hunter Associates Investment Management LLC boosted its stake in shares of DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock valued at $3,078,000 after purchasing an additional 67,410 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in DMC Global by 115.8% during the third quarter. Victory Capital Management Inc. now owns 22,217 shares of the industrial products company’s stock valued at $288,000 after buying an additional 11,924 shares during the period. 77.63% of the stock is owned by institutional investors.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.