Dmc Global (NASDAQ:BOOM) Downgraded by BidaskClub

BidaskClub downgraded shares of Dmc Global (NASDAQ:BOOM) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

BOOM has been the topic of several other research reports. Chardan Capital set a $79.00 price objective on Dmc Global and gave the stock a buy rating in a report on Wednesday, April 10th. ValuEngine raised Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Sidoti downgraded Dmc Global from a buy rating to a neutral rating in a report on Thursday, April 18th. Zacks Investment Research downgraded EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $170.00 price objective on shares of Spotify in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. Dmc Global has an average rating of Buy and a consensus target price of $67.33.

Shares of BOOM opened at $65.40 on Tuesday. The stock has a 50 day simple moving average of $65.07. Dmc Global has a one year low of $30.25 and a one year high of $76.68. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.27. The firm has a market cap of $959.66 million, a P/E ratio of 31.59, a P/E/G ratio of 0.87 and a beta of 0.70.

Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.28. Dmc Global had a return on equity of 30.04% and a net margin of 11.61%. The firm had revenue of $100.10 million for the quarter, compared to the consensus estimate of $99.95 million. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 48.7% compared to the same quarter last year. Sell-side analysts anticipate that Dmc Global will post 3.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Sunday, June 30th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Thursday, June 27th. Dmc Global’s payout ratio is 3.86%.

In other Dmc Global news, CFO Michael Kuta sold 4,328 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $70.69, for a total transaction of $305,946.32. Following the completion of the sale, the chief financial officer now owns 90,264 shares in the company, valued at approximately $6,380,762.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ian Grieves sold 1,500 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $68.73, for a total transaction of $103,095.00. Following the sale, the insider now owns 26,988 shares of the company’s stock, valued at approximately $1,854,885.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,828 shares of company stock valued at $474,481 in the last quarter. Corporate insiders own 4.40% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Monarch Partners Asset Management LLC bought a new stake in shares of Dmc Global in the 1st quarter valued at $596,000. Chartwell Investment Partners LLC bought a new stake in shares of Dmc Global in the 1st quarter valued at $1,750,000. Bank of New York Mellon Corp increased its position in shares of Dmc Global by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 61,882 shares of the industrial products company’s stock valued at $2,174,000 after buying an additional 5,751 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Dmc Global in the 1st quarter valued at $682,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Dmc Global by 17.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 46,500 shares of the industrial products company’s stock valued at $1,633,000 after buying an additional 6,900 shares in the last quarter. Institutional investors own 89.34% of the company’s stock.

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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