DMC Global (NASDAQ:BOOM) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of DMC Global (NASDAQ:BOOM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.23 and traded as high as $8.68. DMC Global shares last traded at $8.58, with a volume of 158,504 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on BOOM. Zacks Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $8.50.

DMC Global Price Performance

The company has a 50 day moving average of $7.22 and a 200 day moving average of $7.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.41 and a current ratio of 2.76. The stock has a market capitalization of $176.66 million, a price-to-earnings ratio of -18.25 and a beta of 1.57.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of DMC Global during the third quarter worth about $31,000. Van Den Berg Management I Inc. acquired a new stake in DMC Global during the 3rd quarter worth approximately $86,000. Jump Financial LLC purchased a new position in shares of DMC Global in the 2nd quarter valued at approximately $86,000. SG Americas Securities LLC purchased a new position in shares of DMC Global in the 3rd quarter valued at approximately $91,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of DMC Global by 908.0% in the second quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 10,406 shares during the period. Institutional investors and hedge funds 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.