Shares of Dmc Global Inc (NASDAQ:BOOM) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $41.00.
Several analysts have issued reports on the company. BidaskClub upgraded Dmc Global from a “sell” rating to a “hold” rating in a report on Wednesday, August 12th. Zacks Investment Research upgraded Dmc Global from a “sell” rating to a “hold” rating in a report on Monday, August 24th. Finally, Stifel Nicolaus boosted their price objective on Dmc Global from $33.00 to $44.00 in a report on Thursday, August 20th.
Dmc Global stock traded up $0.24 during midday trading on Tuesday, hitting $36.92. The company’s stock had a trading volume of 100,703 shares, compared to its average volume of 105,659. The company has a quick ratio of 1.19, a current ratio of 2.39 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $32.09 and its 200-day moving average price is $29.22. Dmc Global has a 12 month low of $20.15 and a 12 month high of $54.11. The company has a market capitalization of $545.27 million, a PE ratio of 9.85 and a beta of 1.18.
Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.16). Dmc Global had a return on equity of 13.92% and a net margin of 0.04%. The business had revenue of $43.20 million during the quarter, compared to the consensus estimate of $44.25 million. As a group, equities analysts anticipate that Dmc Global will post -0.22 EPS for the current year.
In related news, Director Andrea E. Bertone sold 1,248 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $34.97, for a total value of $43,642.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle H. Shepston sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $35.68, for a total value of $107,040.00. Following the completion of the sale, the insider now directly owns 18,097 shares of the company’s stock, valued at approximately $645,700.96. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Dmc Global in the 2nd quarter valued at approximately $31,000. Advisor Group Holdings Inc. bought a new stake in shares of Dmc Global in the 1st quarter valued at approximately $38,000. CWM LLC bought a new stake in shares of Dmc Global in the 1st quarter valued at approximately $63,000. Bank of Montreal Can grew its stake in shares of Dmc Global by 31.0% in the 2nd quarter. Bank of Montreal Can now owns 4,515 shares of the industrial products company’s stock valued at $110,000 after buying an additional 1,069 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Dmc Global in the 1st quarter valued at approximately $129,000.
Dmc Global Company Profile
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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