Wall Street Zen Downgrades DMC Global (NASDAQ:BOOM) to Sell

DMC Global (NASDAQ:BOOM) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on BOOM. Roth Mkm lowered their price target on DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DMC Global has an average rating of “Hold” and a consensus target price of $9.25.

DMC Global Trading Up 0.5%

Shares of DMC Global stock opened at $5.89 on Friday. 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 firm has a market cap of $120.66 million, a PE ratio of -6.62 and a beta of 1.57. The company has a 50 day simple moving average of $7.79 and a two-hundred day simple moving average of $7.26.

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 return on equity of 2.77% and a negative net margin of 3.01%.The company had revenue of $143.53 million during the quarter, compared to the consensus estimate of $142.37 million. Analysts expect that DMC Global will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at DMC Global

In related news, insider James Schladen sold 17,718 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 532,958 shares in the company, valued at $3,197,748. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.

Institutional Trading of DMC Global

Institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of DMC Global in the third quarter worth approximately $31,000. Van Den Berg Management I Inc. purchased a new stake in DMC Global during the 3rd quarter valued at $86,000. Jump Financial LLC bought a new stake in DMC Global in the 2nd quarter worth $86,000. SG Americas Securities LLC bought a new stake in DMC Global in the 3rd quarter worth $91,000. Finally, BNP Paribas Financial Markets increased its position in shares of DMC Global by 908.0% in 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. 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.