DMC Global (NASDAQ:BOOM) Given New $10.00 Price Target at Roth Mkm

DMC Global (NASDAQ:BOOM) had its price objective lowered by Roth Mkm from $12.00 to $10.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

BOOM has been the subject of a number of other reports. Zacks Research raised shares of DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DMC Global in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.25.

DMC Global Stock Up 9.4%

Shares of DMC Global stock opened at $6.39 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.41. DMC Global has a 1-year low of $5.46 and a 1-year high of $9.20. The business’s fifty day moving average price is $7.81 and its two-hundred day moving average price is $7.27. The company has a market capitalization of $130.93 million, a P/E ratio of -7.18 and a beta of 1.57.

DMC Global (NASDAQ:BOOM) last issued 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). DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. The business had revenue of $143.53 million for the quarter, compared to analyst estimates of $142.37 million. As a group, research analysts forecast that DMC Global will post -0.23 EPS for the current year.

Insider Activity at DMC Global

In other news, insider James Schladen sold 17,718 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total transaction of $106,308.00. Following the completion of the sale, the insider owned 532,958 shares in the company, valued at approximately $3,197,748. This represents a 3.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On DMC Global

Several hedge funds have recently modified their holdings of BOOM. Quarry LP acquired a new position in shares of DMC Global in the 3rd quarter valued at $31,000. Van Den Berg Management I Inc. purchased a new stake in DMC Global during the third quarter valued at about $86,000. Jump Financial LLC acquired a new position in shares of DMC Global in the second quarter worth about $86,000. SG Americas Securities LLC purchased a new position in shares of DMC Global in the third quarter worth approximately $91,000. Finally, BNP Paribas Financial Markets raised 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 valued at $93,000 after acquiring an additional 10,406 shares during the period. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.