The stock of Dmc Global Inc (NASDAQ:BOOM) hit a new 52-week high and has $18.17 target or 8.00% above today’s $16.82 share price. The 5 months bullish chart indicates low risk for the $259.12 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $18.17 price target is reached, the company will be worth $20.73M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,090 shares traded hands. Dmc Global Inc (NASDAQ:BOOM) has risen 88.63% since April 22, 2016 and is uptrending. It has outperformed by 83.22% the S&P500.
Analysts await Dmc Global Inc (NASDAQ:BOOM) to report earnings on March, 9. They expect $-0.14 EPS, up 36.36% or $0.08 from last year’s $-0.22 per share. After $-0.19 actual EPS reported by Dmc Global Inc for the previous quarter, Wall Street now forecasts -26.32% EPS growth.
Dmc Global Inc (NASDAQ:BOOM) Ratings Coverage
Out of 5 analysts covering Dynamic Materials (NASDAQ:BOOM), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Dynamic Materials has been the topic of 8 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The stock of Dmc Global Inc (NASDAQ:BOOM) earned “Buy” rating by TH Capital on Monday, October 31. The rating was maintained by Roth Capital on Monday, March 21 with “Neutral”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, October 28 report. The company was maintained on Monday, October 19 by Stifel Nicolaus. As per Friday, June 10, the company rating was downgraded by Sidoti. The stock of Dmc Global Inc (NASDAQ:BOOM) earned “Buy” rating by Roth Capital on Monday, October 31.
According to Zacks Investment Research, “DYNAMIC MATERIALS CORP. is engaged in explosion metal working. Forms of explosion metal working include: cladding, where two or more metals are explosively joined to each other; and forming of metals in which metals are shaped, shock hardened, or altered using explosives as an energy source. It distributes its products in North America primarily through its internal sales organization. It also uses independent sales representatives in specific industries or territories to complement and extend its internal selling efforts.”
Insitutional Activity: The institutional sentiment decreased to 1.74 in 2016 Q2. Its down 0.42, from 2.16 in 2016Q1. The ratio dived, as 7 funds sold all Dmc Global Inc shares owned while 12 reduced positions. 17 funds bought stakes while 24 increased positions. They now own 12.36 million shares or 3.91% more from 11.89 million shares in 2016Q1.
Northern Tru Corp holds 145,683 shares or 0% of its portfolio. Blackrock Institutional Na holds 0% or 400,011 shares in its portfolio. Morgan Stanley accumulated 17,928 shares or 0% of the stock. Heartland holds 1.00 million shares or 0.61% of its portfolio. owns 8,070 shares or 0% of their US portfolio. Parametric Portfolio Associate Limited Liability Corporation has 0% invested in the company for 16,599 shares. Pdt Prns Ltd has invested 0.01% of its portfolio in Dmc Global Inc (NASDAQ:BOOM). Blackrock Fund Advisors last reported 0% of its portfolio in the stock. Teachers holds 0% of its portfolio in Dmc Global Inc (NASDAQ:BOOM) for 21,823 shares. D E Shaw & Company, a New York-based fund reported 106,791 shares. Geode Management Ltd Co accumulated 0% or 92,581 shares. Schwab Charles Invest Mgmt holds 0% of its portfolio in Dmc Global Inc (NASDAQ:BOOM) for 28,900 shares. Brown Ltd Liability Company last reported 2.35M shares in the company. Rhumbline Advisers reported 12,849 shares or 0% of all its holdings. Franklin last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 3 insider sales for $436,935 net activity. LONGE KEVIN T sold $146,209 worth of stock. On Monday, November 14 the insider CARIOU YVON PIERRE sold $221,270.
More news for Dmc Global Inc (NASDAQ:BOOM) were recently published by: Nasdaq.com, which released: “DMC Global (BOOM) Enters Overbought Territory” on November 25, 2016. Finance.Yahoo.com‘s article titled: “DMC Global Appoints John E. Scheatzle Jr. as President of NobelClad Business” and published on November 16, 2016 is yet another important article.
BOOM Company Profile
DMC Global Inc., formerly Dynamic Materials Corporation, incorporated on August 15, 1997, operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities. The Company’s divisions are NobelClad and DynaEnergetics. The NobelClad segment is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. The DynaEnergetics segment makes, markets and sells oilfield perforating equipment and explosives, including detonating cords, detonators, bi-directional boosters and shaped charges, and seismic related explosives and accessories. The Firm owns explosive metalworking and metallic processes, and registered trademarks, including Detaclad, Detacouple, EFTEK, ETJ 2000 and NOBELCLAD.
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