DMC Global (NASDAQ:BOOM) Short Interest Update

DMC Global (NASDAQ:BOOM) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 963,064 shares, a growth of 22.9% from the February 12th total of 783,824 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 468,309 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 468,309 shares, the short-interest ratio is presently 2.1 days. Currently, 4.8% of the shares of the stock are sold short.

DMC Global Stock Performance

NASDAQ:BOOM opened at $4.73 on Monday. The company has a 50-day moving average of $7.52 and a 200-day moving average of $7.19. The firm has a market cap of $96.92 million, a price-to-earnings ratio of -5.31 and a beta of 1.61. The company has a current ratio of 2.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20. DMC Global has a twelve month low of $4.69 and a twelve month high of $9.20.

DMC Global (NASDAQ:BOOM) last released its 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). The business had revenue of $143.53 million during the quarter, compared to the consensus estimate of $142.37 million. DMC Global had a negative return on equity of 2.77% and a negative net margin of 3.01%. Analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Roth Mkm dropped their price target on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Zacks Research lowered shares of DMC Global from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a report on Monday, December 29th. Wall Street Zen downgraded DMC Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Stifel Nicolaus decreased their price target on DMC Global from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, March 3rd. One equities 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $8.50.

Institutional Investors Weigh In On DMC Global

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cooke & Bieler LP boosted its stake in shares of DMC Global by 0.8% during the 4th quarter. Cooke & Bieler LP now owns 1,988,267 shares of the industrial products company’s stock worth $13,302,000 after acquiring an additional 15,154 shares in the last quarter. Steel Partners Holdings L.P. acquired a new stake in shares of DMC Global during the fourth quarter worth $13,200,000. Ameriprise Financial Inc. lifted its holdings in shares of DMC Global by 3.8% during the second quarter. Ameriprise Financial Inc. now owns 923,491 shares of the industrial products company’s stock valued at $7,443,000 after purchasing an additional 33,539 shares during the last quarter. Gendell Jeffrey L purchased a new stake in shares of DMC Global during the fourth quarter valued at $6,036,000. Finally, Pacific Ridge Capital Partners LLC boosted its position in shares of DMC Global by 12.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 670,390 shares of the industrial products company’s stock valued at $5,665,000 after purchasing an additional 75,416 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.