DMC Global (NASDAQ:BOOM) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of DMC Global (NASDAQ:BOOM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.64 and traded as high as $6.77. DMC Global shares last traded at $6.75, with a volume of 344,118 shares.

Analysts Set New Price Targets

BOOM has been the topic of several recent research reports. Zacks Research raised DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. 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 research note on Tuesday, March 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 research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DMC Global in a research note on Friday, May 22nd. Finally, Wall Street Zen raised DMC Global from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, DMC Global presently has a consensus rating of “Hold” and a consensus price target of $8.50.

DMC Global Stock Performance

The stock has a market capitalization of $138.17 million, a PE ratio of -5.31 and a beta of 1.73. The business has a 50 day moving average price of $6.24 and a 200 day moving average price of $6.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.39 and a quick ratio of 1.07.

DMC Global (NASDAQ:BOOM) last released its earnings results on Thursday, April 30th. The industrial products company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.03. DMC Global had a negative return on equity of 6.02% and a negative net margin of 4.28%.The firm had revenue of $135.60 million for the quarter, compared to analysts’ expectations of $134.23 million. As a group, equities research analysts expect that DMC Global will post -0.39 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of DMC Global by 9.5% during the first quarter. Bank of America Corp DE now owns 18,641 shares of the industrial products company’s stock valued at $97,000 after buying an additional 1,623 shares during the last quarter. Cerity Partners LLC boosted its position in shares of DMC Global by 0.3% during the second quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock valued at $4,467,000 after buying an additional 1,755 shares during the last quarter. Barclays PLC boosted its position in shares of DMC Global by 5.6% during the fourth quarter. Barclays PLC now owns 36,964 shares of the industrial products company’s stock valued at $247,000 after buying an additional 1,969 shares during the last quarter. Quarry LP purchased a new stake in shares of DMC Global during the third quarter valued at $31,000. Finally, FNY Investment Advisers LLC boosted its position in shares of DMC Global by 45.5% during the third quarter. FNY Investment Advisers LLC now owns 15,959 shares of the industrial products company’s stock valued at $134,000 after buying an additional 4,989 shares during the last quarter. 77.63% of the stock is owned by hedge funds and other 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.