DMC Global (NASDAQ:BOOM) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of DMC Global (NASDAQ:BOOM – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Several other research analysts have also commented on BOOM. TheStreet upgraded shares of DMC Global from a d+ rating to a c- rating in a research note on Friday, February 24th. KeyCorp began coverage on shares of DMC Global in a research note on Friday, December 9th. They set a sector weight rating on the stock. Finally, Roth Mkm increased their price target on shares of DMC Global from $30.00 to $35.00 and gave the company a buy rating in a report on Monday, February 27th.

DMC Global Stock Down 2.6 %

Shares of NASDAQ:BOOM opened at $21.02 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 2.24. The company has a market cap of $412.62 million, a PE ratio of 29.61 and a beta of 1.60. DMC Global has a 52 week low of $13.95 and a 52 week high of $35.70. The firm has a 50 day simple moving average of $23.66 and a 200 day simple moving average of $20.30.

DMC Global (NASDAQ:BOOM – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The industrial products company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). DMC Global had a net margin of 2.93% and a return on equity of 3.72%. The company had revenue of $175.10 million during the quarter, compared to analyst estimates of $171.23 million. During the same quarter in the prior year, the company posted $0.05 EPS. The firm’s quarterly revenue was up 143.9% compared to the same quarter last year. As a group, research analysts expect that DMC Global will post 2 earnings per share for the current year.

Hedge Funds Weigh In On DMC Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC increased its position in shares of DMC Global by 17.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 3,274 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 496 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of DMC Global by 5.2% during the 3rd quarter. New York State Teachers Retirement System now owns 12,191 shares of the industrial products company’s stock worth $195,000 after buying an additional 600 shares during the period. Jane Street Group LLC grew its position in shares of DMC Global by 2.7% during the 4th quarter. Jane Street Group LLC now owns 27,385 shares of the industrial products company’s stock worth $532,000 after buying an additional 713 shares during the period. Alliancebernstein L.P. boosted its stake in DMC Global by 5.0% during the 3rd quarter. Alliancebernstein L.P. now owns 18,721 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 886 shares during the last quarter. Finally, Swiss National Bank boosted its stake in DMC Global by 1.9% during the 4th quarter. Swiss National Bank now owns 47,100 shares of the industrial products company’s stock worth $916,000 after acquiring an additional 900 shares during the last quarter. 85.56% of the stock is owned by institutional investors.

DMC Global Company Profile

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DMC Global, Inc is a holding company, which engages in the provision of technical products and services in the energy, industrial, and infrastructure markets. It operates through the following segments: NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for the construction of corrosion resistant industrial processing equipment and specialized transition joints.