DMC Global (NASDAQ:BOOM) Shares Pass Above 200-Day Moving Average – What’s Next?

DMC Global (NASDAQ:BOOM)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.61 and traded as high as $7.25. DMC Global shares last traded at $7.16, with a volume of 188,585 shares changing hands.

Analyst Upgrades and Downgrades

BOOM has been the topic of a number of research analyst reports. Zacks Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of DMC Global in a report on Friday, May 22nd. Wall Street Zen upgraded DMC Global from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Roth Mkm reduced their price target on DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Stifel Nicolaus reduced their price target on DMC Global from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, DMC Global presently has a consensus rating of “Hold” and an average price target of $8.50.

DMC Global Stock Performance

The company has a market cap of $146.57 million, a PE ratio of -5.64 and a beta of 1.71. The company has a current ratio of 2.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $6.00 and a 200-day moving average of $6.61.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.03. The business had revenue of $135.60 million for the quarter, compared to analysts’ expectations of $134.23 million. DMC Global had a negative return on equity of 6.02% and a negative net margin of 4.28%. Equities research analysts anticipate that DMC Global will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of DMC Global

Large investors have recently bought and sold shares of the company. Quarry LP bought a new stake in DMC Global during the 3rd quarter valued at approximately $31,000. Van Den Berg Management I Inc. bought a new stake in DMC Global during the 3rd quarter valued at approximately $86,000. Jump Financial LLC bought a new stake in DMC Global during the 2nd quarter valued at approximately $86,000. SG Americas Securities LLC bought a new stake in DMC Global during the 3rd quarter valued at approximately $91,000. Finally, BNP Paribas Financial Markets boosted its position in DMC Global by 908.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 10,406 shares in the last quarter. 77.63% of the stock is owned by institutional investors.

DMC Global Company Profile

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.