DMC Global Starts To Reap The Benefits of A Robust Product Line
DMC Global (BOOM) serves the energy, industrial, and infrastructure markets. Its products are used in perforating oil and gas wells, petrochemical processing, oil refining, and aluminum smelting facilities, and maintenance and retrofit projects at chemical processing. The company’s growth rate has slowed down in Q3 and can decelerate further in Q4. So, I do not think the stock will yield positive returns in the short term. However, I think it will continue to gain market share based on robust product offerings,