Shares of Dynamic Materials Corporation (Nasdaq:BOOM) were gapping up Wednesday morning with an open price 16.2% higher than Tuesday's closing price. The stock closed at $19.78 yesterday and opened today's trading at $22.99.
NEW YORK ( TheStreet) -- Shares of Dynamic Materials Corporation (Nasdaq: BOOM) were gapping up Wednesday morning with an open price 16.2% higher than Tuesday's closing price. The stock closed at $19.78 Tuesday and opened today's trading at $22.99. The average volume for Dynamic has been 79,600 shares per day over the past 30 days. Dynamic has a market cap of $278.9 million and is part of the basic materials sector and metals & mining industry. Shares are down 12.4% year to date as of the close of trading on Tuesday. Dynamic Materials Corporation provides explosion-welded clad metal plates and welding services worldwide. The company operates through three segments: Explosive Metalworking, Oilfield Products, and AMK Welding. The company has a P/E ratio of 42.7, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Dynamic as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Dynamic Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.