NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against DMC Global Inc. (“DMC” or the “Company”) (NASDAQ: BOOM) on behalf of DMC stockholders. Our investigation concerns whether DMC has violated the federal securities laws and/or engaged in other unlawful business practices.
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After the market closed on November 2, 2023, DMC reported its financial results for the third quarter of 2023. Among other things, DMC reported a Non-GAAP EPS of $0.50, missing consensus estimates by $0.08, and a revenue figure of $172.1 million, missing consensus estimates by $11.87 million. In addition, the Company reported that its third quarter sales were down 11% year-over-year “due to lower product pricing, soft demand for commercial interior products, and brief operational challenges related to the go-live of a new ERP system.”
On this news, DMC’s stock price fell $1.89 per share, or 9.95%, to close at $17.10 per share on November 3, 2023.
If you purchased or otherwise acquired DMC shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
