Dynamic Materials Corporation (BOOM) is Downgraded by Sidoti to Neutral

Dynamic Materials Corporation (BOOM) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Jun 10, 2016.

On the company’s financial health, Dynamic Materials Corporation reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.18. The company had revenue of $40.50 million for the quarter, compared to analysts expectations of $36.25 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.17 EPS.

Dynamic Materials Corporation opened for trading at $11.1 and hit $11.4311 on the upside on Thursday, eventually ending the session at $11.38, with a gain of 1.61% or 0.18 points. The heightened volatility saw the trading volume jump to 71,562 shares. Company has a market cap of $164 M.

In a different news, on Jun 6, 2016, Kevin T Longe (President and CEO) sold 6,624 shares at $10.49 per share price. According to the SEC, 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.

Dynamic Materials Corporation

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