DMC Global Inc. (BOOM) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
News provided byACCESSWIRE
Nov 21, 2023, 8:15 AM ET
NEW YORK, NY / ACCESSWIRE / November 21, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DMC Global Inc. ("DMC" or "the Company") (NASDAQ:BOOM). Investors who purchased DMC securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/boom.
The investigation concerns whether DMC has violated federal securities laws.
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 are aware of any facts relating to this investigation or purchased DMC securities, you can assist this investigation by visiting the firm's site: bgandg.com/boom. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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SOURCE: Bronstein, Gewirtz & Grossman, LLC
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