A number of other equities research analysts have also weighed in on BOOM. Roth Capital dropped their price target on Dmc Global from $75.00 to $64.00 in a research note on Wednesday, October 23rd. ValuEngine lowered Dmc Global from a sell rating to a strong sell rating in a research note on Friday, September 20th. Zacks Investment Research lowered Dmc Global from a hold rating to a sell rating in a research note on Thursday, December 26th. Finally, Sidoti set a $79.00 price target on Dmc Global and gave the stock a buy rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $69.20.
BOOM opened at $44.13 on Friday. The business’s 50-day moving average is $46.39 and its two-hundred day moving average is $47.51. Dmc Global has a 1 year low of $33.84 and a 1 year high of $76.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.46. The firm has a market capitalization of $647.08 million, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.64 and a beta of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, December 30th. Dmc Global’s payout ratio is presently 24.15%.
Large investors have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new position in Dmc Global in the second quarter valued at approximately $42,000. Bank of Montreal Can acquired a new position in Dmc Global in the second quarter valued at approximately $107,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in Dmc Global in the second quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dmc Global by 51.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,371 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 808 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in Dmc Global in the second quarter valued at approximately $165,000.
About Dmc Global
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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