Dmc Global Inc (NASDAQ:BOOM) hit a new 52-week high during trading on Monday . The stock traded as high as $26.85 and last traded at $26.82, with a volume of 45483 shares traded. The stock had previously closed at $25.65.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Dmc Global from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research note on Thursday, February 8th. BidaskClub lowered Dmc Global from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $23.00.
The stock has a market cap of $382.32, a P/E ratio of -19.58, a P/E/G ratio of 1.02 and a beta of 0.74. The company has a quick ratio of 1.41, a current ratio of 2.19 and a debt-to-equity ratio of 0.17.
A number of large investors have recently made changes to their positions in BOOM. Chartwell Investment Partners LLC acquired a new stake in Dmc Global during the fourth quarter worth about $217,000. Alliancebernstein L.P. acquired a new stake in Dmc Global during the fourth quarter worth about $223,000. Wells Fargo & Company MN increased its stake in Dmc Global by 52.7% during the third quarter. Wells Fargo & Company MN now owns 18,265 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 6,306 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Dmc Global by 6.8% in the second quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock valued at $328,000 after buying an additional 1,588 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Dmc Global in the fourth quarter valued at about $594,000. Institutional investors own 86.34% of the company’s stock.
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Dmc Global Company Profile
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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