DMC Global (NASDAQ:BOOM) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of DMC Global (NASDAQ:BOOM) crossed 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 traded.

Analyst Upgrades and Downgrades

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

DMC Global Stock Performance

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 stock has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $6.64. The company has a market cap of $137.97 million, a PE ratio of -5.31 and a beta of 1.73.

DMC Global (NASDAQ:BOOM) last released its earnings results 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 business had revenue of $135.60 million for the quarter, compared to analyst estimates of $134.23 million. DMC Global had a negative return on equity of 6.02% and a negative net margin of 4.28%. Equities analysts predict that DMC Global will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BOOM. Steel Partners Holdings L.P. acquired a new position in shares of DMC Global in the fourth quarter valued at approximately $13,200,000. Gendell Jeffrey L acquired a new position in DMC Global during the fourth quarter worth $6,036,000. Federated Hermes Inc. grew its holdings in DMC Global by 159.3% during the second quarter. Federated Hermes Inc. now owns 603,614 shares of the industrial products company’s stock worth $4,865,000 after acquiring an additional 370,833 shares during the period. Mackenzie Financial Corp acquired a new position in DMC Global during the fourth quarter worth $1,953,000. Finally, Bridgeway Capital Management LLC grew its holdings in DMC Global by 55.8% during the third quarter. Bridgeway Capital Management LLC now owns 319,238 shares of the industrial products company’s stock worth $2,698,000 after acquiring an additional 114,320 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

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.