Sidoti & Co. Downgrades Dynamic Materials Corporation to Neutral

Brokerage firm Sidoti & Co. Downgrades its rating on Dynamic Materials Corporation(NASDAQ:BOOM). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Sidoti & Co. was issued on Jun 10, 2016.

In a different note, On Mar 21, 2016, Roth Capital said it Maintains its rating on Dynamic Materials Corporation. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm.

Dynamic Materials Corporation (BOOM) made into the market gainers list on Wednesdays trading session with the shares advancing 2.01% or 0.2 points. Due to strong positive momentum, the stock ended at $10.16, which is also near the day’s high of $10.24. The stock began the session at $10.04 and the volume stood at 37,008 shares. The 52-week high of the shares is $12.67 and the 52 week low is $4.8406. The company has a current market capitalization of $146 M and it has 1,43,85,491 shares in outstanding.

Dynamic Materials Corporation(BOOM) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $40.53M. Analysts had an estimated revenue of $36.28M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.18.

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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