DMC Global (NASDAQ:BOOM) Stock Crosses 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 Friday . The stock has a 200-day moving average of $6.69 and traded as high as $7.19. DMC Global shares last traded at $7.09, with a volume of 140,247 shares changing hands.

Wall Street Analyst Weigh In

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

DMC Global Price Performance

The stock has a fifty day moving average of $6.45 and a two-hundred day moving average of $6.69. The stock has a market capitalization of $145.13 million, a price-to-earnings ratio of -5.58 and a beta of 1.73. The company has a current ratio of 2.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21.

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 firm had revenue of $135.60 million during the quarter, compared to analysts’ expectations of $134.23 million. DMC Global had a negative net margin of 4.28% and a negative return on equity of 6.02%. As a group, equities research analysts forecast that DMC Global will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

A number of institutional investors and hedge funds have recently made changes to their positions in BOOM. AQR Capital Management LLC bought a new stake in shares of DMC Global during the first quarter worth $214,000. Goldman Sachs Group Inc. grew its position in shares of DMC Global by 55.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 137,128 shares of the industrial products company’s stock worth $1,155,000 after buying an additional 48,732 shares during the period. Empowered Funds LLC grew its position in shares of DMC Global by 7.5% during the 1st quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company’s stock worth $866,000 after buying an additional 7,216 shares during the period. Jane Street Group LLC grew its position in shares of DMC Global by 102.5% during the 1st quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company’s stock worth $231,000 after buying an additional 13,864 shares during the period. Finally, Focus Partners Wealth grew its position in shares of DMC Global by 39.9% during the 1st quarter. Focus Partners Wealth now owns 70,539 shares of the industrial products company’s stock worth $594,000 after buying an additional 20,110 shares during the period. 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.