DMC Global (NASDAQ:BOOM) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

DMC Global (NASDAQ:BOOM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.21 and traded as high as $8.63. DMC Global shares last traded at $8.61, with a volume of 232,117 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on BOOM shares. Zacks Research upgraded shares of DMC Global from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $8.50.

DMC Global Trading Down 2.0%

The company has a current ratio of 2.76, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $6.56 and a two-hundred day moving average price of $7.20. The firm has a market capitalization of $173.78 million, a price-to-earnings ratio of -17.96 and a beta of 1.49.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The company had revenue of $151.53 million for the quarter, compared to analysts’ expectations of $145.90 million. DMC Global had a positive return on equity of 1.89% and a negative net margin of 1.69%. As a group, research analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Insider Activity at DMC Global

In related news, insider James Schladen sold 17,718 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total value of $106,308.00. Following the transaction, the insider directly owned 532,958 shares in the company, valued at approximately $3,197,748. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On DMC Global

Large investors have recently modified their holdings of the business. Cooke & Bieler LP increased its position in shares of DMC Global by 0.7% during the 2nd quarter. Cooke & Bieler LP now owns 1,977,803 shares of the industrial products company’s stock worth $15,941,000 after purchasing an additional 14,150 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of DMC Global by 3.8% during the second quarter. Ameriprise Financial Inc. now owns 923,491 shares of the industrial products company’s stock valued at $7,443,000 after acquiring an additional 33,539 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of DMC Global by 12.7% during the third quarter. Pacific Ridge Capital Partners LLC now owns 670,390 shares of the industrial products company’s stock valued at $5,665,000 after acquiring an additional 75,416 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of DMC Global by 159.3% in the 2nd quarter. Federated Hermes Inc. now owns 603,614 shares of the industrial products company’s stock valued at $4,865,000 after acquiring an additional 370,833 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of DMC Global by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock worth $4,467,000 after acquiring an additional 1,755 shares during the last quarter. Institutional investors and hedge funds 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.