Shares of Dmc Global Inc (NASDAQ:BOOM) dropped 5.6% on Tuesday . The company traded as low as $41.08 and last traded at $41.49, approximately 534,206 shares traded hands during mid-day trading. An increase of 89% from the average daily volume of 282,492 shares. The stock had previously closed at $43.95.

BOOM has been the topic of a number of research reports. Roth Capital raised their price objective on Dmc Global from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, April 29th. Zacks Investment Research upgraded Dmc Global from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. ValuEngine lowered Dmc Global from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Stifel Nicolaus set a $73.00 price objective on Dmc Global and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Chardan Capital restated a “buy” rating and issued a $79.00 price objective on shares of Dmc Global in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Dmc Global currently has an average rating of “Hold” and an average target price of $67.33.

The company has a current ratio of 2.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $54.20 and a two-hundred day simple moving average of $56.48. The company has a market cap of $643.70 million, a PE ratio of 21.06, a price-to-earnings-growth ratio of 0.60 and a beta of 0.65.

Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.88 by $0.29. Dmc Global had a return on equity of 35.18% and a net margin of 13.51%. The business had revenue of $110.95 million for the quarter, compared to analyst estimates of $104.84 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. Equities analysts expect that Dmc Global Inc will post 3.67 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in shares of Dmc Global during the 2nd quarter worth $42,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Dmc Global during the 1st quarter worth $78,000. Quantamental Technologies LLC raised its holdings in shares of Dmc Global by 29.6% during the 1st quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 390 shares during the period. Legal & General Group Plc raised its holdings in shares of Dmc Global by 16.0% during the 4th quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 356 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Dmc Global during the 2nd quarter worth about $107,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Dmc Global Company Profile (NASDAQ:BOOM)

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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