DMC Global (NASDAQ:BOOM) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of DMC Global (NASDAQ:BOOM) from a hold rating to a strong sell rating in a report released on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on BOOM. Wall Street Zen lowered shares of DMC Global from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Finally, Roth Mkm decreased their price objective on DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, DMC Global has an average rating of “Reduce” and an average price target of $9.25.

DMC Global Stock Performance

BOOM opened at $5.89 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.41 and a current ratio of 2.50. The company has a market cap of $120.69 million, a PE ratio of -6.62 and a beta of 1.57. The stock has a 50-day moving average of $7.79 and a 200-day moving average of $7.27. DMC Global has a 52-week low of $5.46 and a 52-week high of $9.20.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, February 23rd. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.39). The firm had revenue of $143.53 million for the quarter, compared to the consensus estimate of $142.37 million. DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. As a group, equities research analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DMC Global news, insider James Schladen sold 17,718 shares of DMC Global stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total value of $106,308.00. Following the completion of the transaction, the insider owned 532,958 shares in the company, valued at approximately $3,197,748. The trade was a 3.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of DMC Global

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new stake in shares of DMC Global in the first quarter valued at $214,000. Goldman Sachs Group Inc. lifted its position in DMC Global by 55.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 137,128 shares of the industrial products company’s stock worth $1,155,000 after buying an additional 48,732 shares in the last quarter. Empowered Funds LLC grew its holdings in DMC Global by 7.5% during the 1st quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company’s stock worth $866,000 after acquiring an additional 7,216 shares during the last quarter. Jane Street Group LLC increased its position in DMC Global by 102.5% in the 1st quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 13,864 shares in the last quarter. Finally, Focus Partners Wealth increased its position in DMC Global by 39.9% in the 1st quarter. Focus Partners Wealth now owns 70,539 shares of the industrial products company’s stock valued at $594,000 after acquiring an additional 20,110 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.

About DMC Global

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.