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

Shares of DMC Global (NASDAQ:BOOM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.73 and traded as high as $7.10. DMC Global shares last traded at $7.04, with a volume of 207,540 shares trading hands.

Wall Street Analysts Forecast Growth

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

DMC Global Trading Up 0.1%

The firm’s 50 day moving average is $6.64 and its 200 day moving average is $6.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.39 and a quick ratio of 1.07. The company has a market cap of $144.11 million, a PE ratio of -5.54 and a beta of 1.73.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.03. The firm had revenue of $135.59 million during the quarter, compared to analyst estimates of $134.23 million. DMC Global had a negative net margin of 4.28% and a negative return on equity of 6.02%. On average, equities analysts anticipate that DMC Global will post -0.29 earnings per share for the current year.

Institutional Trading of DMC Global

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