DMC Global Inc. (NASDAQ:BOOM) stock observed trading -41.43% off 52-week high price. On the other end, the stock has been noted 48.46% away from low price over the last 52-weeks. The stock disclosed a move of -16.00% away from 50 day moving average and -11.12% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.38% off 20-day moving average. It has market cap of $675.9M and dividend yield of 0.18%.
On Sept. 04, 2019, DMC Global Inc. (NASDAQ:BOOM) disclosed it has increased its annual cash dividend to $0.50 per share from $0.08 per share. The dividend will be paid quarterly at a rate of $0.125 per share, with the next payment scheduled for October 15, 2019, to shareholders of record as of September 30, 2019.
The increase more than restores a $0.16 annual dividend that was reduced in 2015 following the downturn in the oil and gas industry.
Our dividend increase is made possible by strong financial performance, a solid balance sheet, and confidence in the long-term strength of our markets and growth opportunities, said Kevin Longe, president and CEO. DMC’s purpose is to create superior value for its customers, employees, and shareholders. We believe our shareholders benefit most when we pursue growth objectives and share price appreciation while maintaining a conservative capital structure and the discipline of returning capital through dividends.
DMC Global is a diversified holding company. Our innovative businesses provide differentiated products and services to niche industrial and commercial markets around the world. DMC’s objective is to identify well-run businesses and strong management teams and support them with long-term capital and strategic, legal, technology and operating resources. Our approach helps our portfolio companies grow core businesses, launch new initiatives, upgrade technologies and systems to support their long-term strategy, and make acquisitions that improve their competitive positions and expand their markets. DMC’s culture is to foster local innovation versus centralized control, and stand behind our businesses in ways that truly add value. , DMC’s portfolio consists of DynaEnergetics and NobelClad, which collectively address the energy, industrial processing and transportation markets.Based in Broomfield, Colorado, DMC trades on NASDAQ under the symbol BOOM.
The USA based company DMC Global Inc. moved with change of 5.00% to $44.91 with the total traded volume of 345779 shares in recent session versus to an average volume of 365.1K. The stock was observed in the 5 days activity at 2.98%. The one month performance of stock was -6.26%. BOOM’s shares are at -40.72% for the quarter and driving a 14.42% return over the course of the past year and is now at 27.88% since this point in 2018. Right now the stock beta is 0.75. The average volatility for the week and month was at 5.05% and 4.59% respectively. There are 15.05M shares outstanding and 13.9M shares are floated in market.
Sam Leventhal is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Sam is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Technology News category for our site.
Email Contact – [email protected]
Address: 1894 MacLaren Street, Ottawa, Ontario
Zip Code: K1P 5M7
Phone Number: 613-785-7363