Noteworthy Price Action: Is Buying Dmc Global Inc Here a Winning Strategy?

Noteworthy Price Action: Is Buying Dmc Global Inc Here a Winning Strategy?

The stock of Dmc Global Inc (NASDAQ:BOOM) is a huge mover today! The stock increased 6.35% or $1 on November 23, hitting $16.75. About 85,558 shares traded hands or 34.05% up from the average. 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.
The move comes after 5 months positive chart setup for the $258.80M company. It was reported on Nov, 24 by Barchart.com. We have $18.26 PT which if reached, will make NASDAQ:BOOM worth $23.29M more.

Analysts await Dmc Global Inc (NASDAQ:BOOM) to report earnings on March, 9. They expect $-0.14 earnings per share, up 36.36% or $0.08 from last year’s $-0.22 per share. After $-0.19 actual earnings per share 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 rating was upgraded by TH Capital on Monday, October 31 to “Buy”. Roth Capital maintained the shares of BOOM in a report on Monday, March 21 with “Neutral” rating. The firm has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. The stock of Dmc Global Inc (NASDAQ:BOOM) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 28. Sidoti downgraded the stock to “Neutral” rating in Friday, June 10 report. As per Monday, October 31, the company rating was upgraded by Roth Capital.

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 Q2 2016. Its down 0.42, from 2.16 in 2016Q1. The ratio dropped, 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.
Citigroup Inc holds 0% or 2,172 shares in its portfolio. Pacific Ridge Cap has 291,250 shares for 1.42% of their US portfolio. Vanguard Group Inc holds 0% of its portfolio in Dmc Global Inc (NASDAQ:BOOM) for 545,295 shares. Amer Grp accumulated 0% or 8,070 shares. National Bank Of America Corp De reported 636 shares or 0% of all its holdings. Brown Mgmt Limited Com owns 2.35M shares or 0.4% of their US portfolio. Dimensional Fund Advsrs Ltd Partnership reported 548,392 shares or 0% of all its holdings. Lafitte Cap Mgmt L P last reported 217,189 shares in the company. Deutsche National Bank & Trust Ag has 74,174 shares for 0% of their US portfolio. Bankshares Of New York Mellon last reported 0% of its portfolio in the stock. Renaissance Ltd Liability Com owns 116,600 shares or 0% of their US portfolio. Blackrock has 479 shares for 0% of their US portfolio. Franklin Resources Incorporated holds 0% or 114,000 shares in its portfolio. Teachers Advisors Inc, a New York-based fund reported 21,823 shares. Invesco Ltd has invested 0% of its portfolio in Dmc Global Inc (NASDAQ:BOOM).

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 3 insider sales for $436,935 net activity. 6,624 shares with value of $69,456 were sold by LONGE KEVIN T on Friday, June 3. Shares for $221,270 were sold by CARIOU YVON PIERRE.

More recent Dmc Global Inc (NASDAQ:BOOM) news were published by: Finance.Yahoo.com which released: “DMC Global Appoints John E. Scheatzle Jr. as President of NobelClad Business” on November 16, 2016. Also Streetinsider.com published the news titled: “Form 8-K DMC Global Inc. For: Nov 15” on November 17, 2016. Marketwatch.com‘s news article titled: “Dynamic Materials downgraded to neutral from buy at Sidoti & Co.” with publication date: February 13, 2011 was also an interesting one.

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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