DMC Global (NASDAQ:BOOM) Given New $7.00 Price Target at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) had its price objective reduced by Stifel Nicolaus from $8.00 to $7.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

A number of other research firms also recently weighed in on BOOM. Weiss Ratings reiterated a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Zacks Research downgraded DMC Global from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded shares of DMC Global from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Roth Mkm decreased their target price on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $8.50.

DMC Global Stock Down 4.8%

DMC Global stock opened at $5.59 on Tuesday. The company’s 50-day moving average price is $7.76 and its two-hundred day moving average price is $7.27. The company has a quick ratio of 1.24, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The stock has a market cap of $114.54 million, a P/E ratio of -6.28 and a beta of 1.61. DMC Global has a twelve month low of $5.46 and a twelve month high of $9.20.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data 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 firm had revenue of $143.53 million during the quarter, compared to analyst estimates of $142.37 million. As a group, analysts expect that DMC Global will post -0.23 EPS for the current year.

Hedge Funds Weigh In On DMC Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of DMC Global by 11.3% during the fourth quarter. Invesco Ltd. now owns 50,783 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 5,141 shares in the last quarter. Mackenzie Financial Corp bought a new position in DMC Global in the 4th quarter valued at approximately $1,953,000. Empowered Funds LLC boosted its position in DMC Global by 11.0% during the 4th quarter. Empowered Funds LLC now owns 136,984 shares of the industrial products company’s stock worth $916,000 after buying an additional 13,543 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in DMC Global by 45.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,727 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 13,100 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in DMC Global by 1,525.0% in the 4th quarter. Russell Investments Group Ltd. now owns 28,747 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 26,978 shares during the period. Institutional investors and hedge funds 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.