Dmc Global (NASDAQ:BOOM) posted its quarterly earnings results on Thursday. The industrial products company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09, Bloomberg Earnings reports. The business had revenue of $54.50 million for the quarter, compared to analysts’ expectations of $54.87 million. Dmc Global had a positive return on equity of 1.93% and a negative net margin of 9.78%. The business’s quarterly revenue was up 35.7% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share.
Shares of Dmc Global (NASDAQ BOOM) opened at $25.65 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.80 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $346.55, a PE ratio of 166.07, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74. Dmc Global has a twelve month low of $11.60 and a twelve month high of $26.20.
A hedge fund recently raised its stake in Dmc Global stock. State Street Corp raised its holdings in shares of Dmc Global Inc (NASDAQ:BOOM) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,940 shares of the industrial products company’s stock after acquiring an additional 14,471 shares during the quarter. State Street Corp owned approximately 1.43% of Dmc Global worth $2,777,000 as of its most recent SEC filing. 85.91% of the stock is owned by hedge funds and other institutional investors.
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About Dmc Global
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company 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.
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