DMC Global (NASDAQ:BOOM) Downgraded to “Sell” Rating by StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Separately, Stifel Nicolaus lowered DMC Global from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $8.00 in a research report on Wednesday, November 20th.

DMC Global Trading Down 3.4 %

NASDAQ:BOOM opened at $8.60 on Tuesday. The stock has a market cap of $172.26 million, a price-to-earnings ratio of -1.09 and a beta of 1.59. DMC Global has a one year low of $6.64 and a one year high of $19.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The business’s 50-day simple moving average is $7.66 and its 200 day simple moving average is $9.71.

Institutional Investors Weigh In On DMC Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in shares of DMC Global during the fourth quarter worth about $153,000. Man Group plc raised its stake in DMC Global by 16.4% during the fourth quarter. Man Group plc now owns 43,619 shares of the industrial products company’s stock valued at $321,000 after buying an additional 6,141 shares in the last quarter. Invenomic Capital Management LP bought a new position in DMC Global during the 4th quarter worth approximately $1,443,000. Graham Capital Management L.P. acquired a new position in shares of DMC Global in the 4th quarter worth approximately $238,000. Finally, Deutsche Bank AG increased its holdings in shares of DMC Global by 5.6% in the 4th quarter. Deutsche Bank AG now owns 69,820 shares of the industrial products company’s stock valued at $513,000 after acquiring an additional 3,709 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.