Dmc Global Inc (BOOM) Given Consensus Recommendation of “Buy” by Analysts

Dmc Global Inc (NASDAQ:BOOM) has earned an average rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $53.00.

A number of brokerages have recently commented on BOOM. Zacks Investment Research upgraded shares of Dmc Global from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Monday, October 29th. BidaskClub downgraded shares of Dmc Global from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Roth Capital set a $50.00 target price on shares of Dmc Global and gave the company a “buy” rating in a report on Monday, October 29th. Finally, ValuEngine downgraded shares of Dmc Global from a “buy” rating to a “hold” rating in a report on Saturday, November 10th.

Hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC acquired a new position in shares of Dmc Global during the fourth quarter worth $46,000. Group One Trading L.P. acquired a new position in shares of Dmc Global during the fourth quarter worth $92,000. BlueMountain Capital Management LLC acquired a new position in shares of Dmc Global during the third quarter worth $132,000. Macquarie Group Ltd. acquired a new position in shares of Dmc Global during the second quarter worth $135,000. Finally, HRT Financial LLC acquired a new position in shares of Dmc Global during the third quarter worth $208,000. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ BOOM traded down $0.19 during midday trading on Monday, reaching $34.44. 53,200 shares of the stock were exchanged, compared to its average volume of 61,671. The company has a market cap of $515.94 million, a PE ratio of 215.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.48. Dmc Global has a 52-week low of $20.80 and a 52-week high of $51.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 1.28.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.23%. Dmc Global’s dividend payout ratio (DPR) is 50.00%.

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 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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Analyst Recommendations for Dmc Global (NASDAQ:BOOM)

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