Dynamic Materials traded at $5.93 this Friday July 24th, decreasing $0.23 or 3.73 percent since the previous trading session. Looking back, over the last four weeks, Dynamic Materials lost 1.66 percent. Over the last 12 months, its price fell by 30.32 percent. Looking ahead, we forecast Dynamic Materials to be priced at 5.80 by the end of this quarter and at 5.45 in one year, according to Trading Economics global macro models projections and analysts expectations.
DMC Global Inc. is a diversified holding company. The Company operates two business segments: DynaEnergetics and NobelClad. The DynaEnergetics segment designs, manufactures, markets, and sells perforating systems and associated hardware for oil and gas industry. A perforating system, which contains a series of specialized explosive shaped charges, is used to punch holes through the casing and cement liner of the well and into the geologic formation surrounding the well bore. The perforating system consist of five components, which include initiation system, shaped charges, detonating cord, gun hardware, and a control pan. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. DynaEnergetics also designs and manufactures customized perforating products for third-party customers according to their designs and requirements.