The stock of Dmc Global Inc (NASDAQ:BOOM) hit a new 52-week high and has $20.00 target or 32.00% above today’s $15.15 share price. The 6 months bullish chart indicates low risk for the $222.33 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $20.00 price target is reached, the company will be worth $71.15 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 33,804 shares traded hands. Dmc Global Inc (NASDAQ:BOOM) has risen 101.59% since April 15, 2016 and is uptrending. It has outperformed by 96.97% the S&P500.
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. $12 is the highest target while $5 is the lowest. The $8 average target is -47.19% below today’s ($15.15) stock price. Dynamic Materials has been the topic of 8 analyst reports since October 19, 2015 according to StockzIntelligence Inc. On Friday, June 10 the stock rating was downgraded by Sidoti to “Neutral”. As per Monday, October 31, the company rating was upgraded by Roth Capital. The stock has “Neutral” rating given by Roth Capital on Monday, March 21. The firm has “Buy” rating by TH Capital given on Monday, October 31. As per Monday, October 19, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $11 target price in Wednesday, October 28 report.
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 2016 Q2. Its up 1.07, from 1.09 in 2016Q1. The ratio is positive, 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.
Acadian Asset Mgmt Limited has 3,916 shares for 0% of their US portfolio. California State Teachers Retirement System owns 29,396 shares or 0% of their US portfolio. Rhumbline Advisers has 12,849 shares for 0% of their US portfolio. Deprince Race Zollo reported 800,865 shares or 0.17% of all its holdings. Blackrock Mgmt Ltd Com has 54,977 shares for 0% of their US portfolio. The North Carolina-based Bank Of America De has invested 0% in Dmc Global Inc (NASDAQ:BOOM). Blackrock Fund Advsrs owns 363,227 shares or 0% of their US portfolio. Brandywine Investment Mngmt Ltd Liability Corp has 0.01% invested in the company for 74,900 shares. Blackrock Advsrs Lc accumulated 0% or 6,704 shares. Moreover, Dimensional Fund Advisors Lp has 0% invested in Dmc Global Inc (NASDAQ:BOOM) for 548,392 shares. Comml Bank Of New York Mellon holds 72,272 shares or 0% of its portfolio. Renaissance Tech Limited Liability holds 0% or 116,600 shares in its portfolio. Citigroup reported 2,172 shares or 0% of all its holdings. Paradigm Asset Mgmt Limited Liability Corporation accumulated 0% or 16,100 shares. Manufacturers Life Insurance Com The accumulated 0% or 10,836 shares.
Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 4 insider sales for $445,391 net activity. CARIOU YVON PIERRE also sold $126,880 worth of Dmc Global Inc (NASDAQ:BOOM) shares. Shares for $8,456 were sold by Graff Richard P on Tuesday, May 24. LONGE KEVIN T also sold $146,209 worth of Dmc Global Inc (NASDAQ:BOOM) on Friday, August 19.
More notable recent Dmc Global Inc (NASDAQ:BOOM) news were published by: Streetinsider.com which released: “Form 8-K DMC Global Inc. For: Nov 15” on November 17, 2016, also Marketwired.com with their article: “DMC Global Appoints John E. Scheatzle Jr. as President of NobelClad Business” published on November 16, 2016, Marketwatch.com published: “Dynamic Materials downgraded to neutral from buy at Sidoti & Co.” on February 13, 2011. More interesting news about Dmc Global Inc (NASDAQ:BOOM) were released by: Prnewswire.com and their article: “BizzSmarts and Global DMC Partners Create Alliance to Offer Data and Analytics” published on October 05, 2016 as well as Businesswire.com‘s news article titled: “The Korea Fund, Inc. Discount Management Policy” with publication date: November 16, 2016.
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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