DMC Global (NASDAQ:BOOM) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

DMC Global (NASDAQ:BOOM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.20 and traded as high as $8.73. DMC Global shares last traded at $8.49, with a volume of 135,681 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BOOM. Weiss Ratings reiterated a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Zacks Research upgraded shares of DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DMC Global has an average rating of “Reduce” and a consensus target price of $8.50.

DMC Global Stock Performance

The stock has a market cap of $174.81 million, a price-to-earnings ratio of -18.06 and a beta of 1.49. The company’s 50 day simple moving average is $6.87 and its 200 day simple moving average is $7.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.41 and a current ratio of 2.76.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). DMC Global had a positive return on equity of 1.89% and a negative net margin of 1.69%.The company had revenue of $151.53 million during the quarter, compared to analyst estimates of $145.90 million. On average, equities research analysts anticipate that DMC Global will post -0.23 earnings per share for the current year.

Insider Transactions at DMC Global

In other news, insider James Schladen sold 17,718 shares of DMC Global stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total transaction of $106,308.00. Following the transaction, the insider directly owned 532,958 shares in the company, valued at approximately $3,197,748. This trade represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in DMC Global by 0.3% during the second quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock worth $4,467,000 after acquiring an additional 1,755 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of DMC Global by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 59,603 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 2,213 shares in the last quarter. Quarry LP acquired a new position in shares of DMC Global in the 3rd quarter worth approximately $31,000. FNY Investment Advisers LLC raised its holdings in shares of DMC Global by 45.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 15,959 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 4,989 shares in the last quarter. Finally, Man Group plc raised its holdings in shares of DMC Global by 5.9% in the 3rd quarter. Man Group plc now owns 94,939 shares of the industrial products company’s stock worth $802,000 after purchasing an additional 5,281 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.