Revenue Update on Dynamic Materials Corporation(NASDAQ:BOOM)

Dynamic Materials Corporation(NASDAQ:BOOM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $41.32M. Analysts estimated a revenue of $44.26M. Earnings per share were $-0.01. Analysts had estimated an EPS of $0.07.

In a different note, On Jun 10, 2016, Sidoti & Co. said it Downgrades its rating on Dynamic Materials Corporation. The shares have been rated ‘Neutral’ by the firm.

Dynamic Materials Corporation (BOOM) made into the market gainers list on Thursdays trading session with the shares advancing 1.14% or 0.12 points. Due to strong positive momentum, the stock ended at $10.62, which is also near the day’s high of $10.67. The stock began the session at $10.47 and the volume stood at 26,695 shares. The 52-week high of the shares is $12.38 and the 52 week low is $4.8406. The company has a current market capitalization of $154 M and it has 1,44,72,508 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Kevin T Longe (President and CEO) sold 6,624 shares at $10.49 per share price.Also, On May 25, 2016, Richard P Graff (director) sold 800 shares at $10.57 per share price.On May 20, 2016, Yvon Pierre Cariou (director) sold 12,500 shares at $10.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Dynamic Materials Corporation (DMC) operates a family of technical product and process businesses serving the energy industrial and infrastructure markets. The Company’s businesses operate globally through an international network of manufacturing distribution and sales facilities. The Company’s business segments consist of NobelClad and DynaEnergetics. NobelClad 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. DynaEnergetics manufactures and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells. The Company owns explosive metalworking and metallic processes and also registered trademarks including Detaclad Detacouple EFTEK ETJ 2000 and NOBELCLAD.

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