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

DMC Global (NASDAQ:BOOM) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.63 and traded as high as $7.11. DMC Global shares last traded at $6.93, with a volume of 150,555 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. 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 report on Tuesday, March 3rd. Wall Street Zen upgraded DMC Global from a “sell” rating to a “hold” rating in a research 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 research report on Wednesday, February 25th. Finally, Zacks Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

DMC Global Price Performance

The company has a market capitalization of $140.22 million, a price-to-earnings ratio of -5.39 and a beta of 1.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 2.39. The business has a 50 day moving average price of $5.83 and a 200-day moving average price of $6.61.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of DMC Global in the 3rd quarter valued at about $31,000. Van Den Berg Management I Inc. bought a new position in DMC Global in the third quarter worth approximately $86,000. Jump Financial LLC bought a new position in DMC Global in the second quarter worth approximately $86,000. SG Americas Securities LLC bought a new position in DMC Global in the third quarter worth approximately $91,000. Finally, BNP Paribas Financial Markets boosted its holdings in 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 worth $93,000 after acquiring an additional 10,406 shares in the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

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.