Notable Mover: Is Buying Dynamic Materials Corporation Here a Winning Strategy?

Notable Mover: Is Buying Dynamic Materials Corporation Here a Winning Strategy?

The stock of Dynamic Materials Corporation (NASDAQ:BOOM) hit a new 52-week high and has $29.52 target or 142.00% above today’s $12.20 share price. The 6 months bullish chart indicates low risk for the $170.17M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $29.52 price target is reached, the company will be worth $241.64 million 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 37,743 shares traded hands. Dynamic Materials Corporation (NASDAQ:BOOM) has risen 102.46% since April 5, 2016 and is uptrending. It has outperformed by 100.50% the S&P500.

Dynamic Materials Corporation (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. As per Monday, October 31, the company rating was upgraded by Roth Capital. The stock of Dynamic Materials Corporation (NASDAQ:BOOM) has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. The rating was downgraded by Sidoti on Friday, June 10 to “Neutral”. Stifel Nicolaus maintained Dynamic Materials Corporation (NASDAQ:BOOM) on Wednesday, October 28 with “Buy” rating. The firm has “Neutral” rating given on Monday, March 21 by Roth Capital. On Monday, October 31 the stock rating was upgraded by TH Capital to “Buy”.

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 increased to 2.16 in Q2 2016. Its up 1.07, from 1.09 in 2016Q1. The ratio improved, as 7 funds sold all Dynamic Materials Corporation 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.
Manufacturers Life The last reported 10,836 shares in the company. Bnp Paribas Arbitrage holds 0% of its portfolio in Dynamic Materials Corporation (NASDAQ:BOOM) for 554 shares. State Street has 0% invested in the company for 119,682 shares. New York State Common Retirement Fund, a New York-based fund reported 383,330 shares. Blackrock Institutional Na holds 0% of its portfolio in Dynamic Materials Corporation (NASDAQ:BOOM) for 400,011 shares. Price T Rowe Md holds 21,500 shares or 0% of its portfolio. Blackrock has invested 0% of its portfolio in Dynamic Materials Corporation (NASDAQ:BOOM). Paradigm Asset Mngmt Ltd last reported 0% of its portfolio in the stock. Citigroup last reported 2,172 shares in the company. Invesco Ltd reported 35,989 shares or 0% of all its holdings. Vanguard Grp Inc last reported 0% of its portfolio in the stock. Rutabaga Mngmt Lc Ma holds 1.18% or 589,450 shares in its portfolio. Morgan Stanley holds 0% or 17,928 shares in its portfolio. Lafitte Mgmt Lp last reported 1.54% of its portfolio in the stock. Jupiter Asset Ltd accumulated 283,761 shares or 0.12% of the stock.

Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 4 sales for $351,001 net activity. 800 shares were sold by Graff Richard P, worth $8,456. LONGE KEVIN T had sold 8,250 shares worth $85,344. The insider CARIOU YVON PIERRE sold $126,880.

More news for Dynamic Materials Corporation (NASDAQ:BOOM) were recently published by: Twst.com, which released: “Dynamic Materials Corporation: Dynamic Materials Schedules Third Quarter …” on October 13, 2016. Nasdaq.com‘s article titled: “Dynamic Materials Corporation (BOOM) Ex-Dividend Date Scheduled for September …” and published on September 27, 2016 is yet another important article.

BOOM Company Profile

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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