DMC Global (NASDAQ:BOOM) Stock Passes Above Two Hundred Day Moving Average - Here's Why

DMC Global (NASDAQ:BOOM - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.53 and traded as high as $8.42. DMC Global shares last traded at $8.06, with a volume of 197,172 shares traded.

Wall Street Analyst Weigh In

BOOM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded DMC Global from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Stifel Nicolaus lowered their target price on DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a report on Monday, May 5th.

DMC Global Stock Performance

The stock has a market capitalization of $172.94 million, a PE ratio of -1.03 and a beta of 1.48. The firm's fifty day moving average price is $7.26 and its two-hundred day moving average price is $7.55. The company has a current ratio of 2.66, a quick ratio of 1.33 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.19. DMC Global had a negative net margin of 15.73% and a negative return on equity of 0.01%. The firm had revenue of $159.29 million for the quarter, compared to analyst estimates of $149.00 million. As a group, equities research analysts forecast that DMC Global will post -0.23 EPS for the current year.

Hedge Funds Weigh In On DMC Global

A number of hedge funds have recently modified their holdings of BOOM. Victory Capital Management Inc. lifted its stake in shares of DMC Global by 7.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock valued at $175,000 after purchasing an additional 1,654 shares during the period. AlphaQuest LLC boosted its stake in shares of DMC Global by 27.9% in the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock valued at $63,000 after purchasing an additional 1,876 shares during the period. Cooke & Bieler LP grew its stake in DMC Global by 3.1% during the 4th quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company's stock valued at $12,888,000 after purchasing an additional 53,478 shares in the last quarter. Quantbot Technologies LP bought a new position in DMC Global during the 4th quarter valued at $50,000. Finally, American Century Companies Inc. increased its holdings in DMC Global by 44.9% in the fourth quarter. American Century Companies Inc. now owns 140,979 shares of the industrial products company's stock valued at $1,036,000 after buying an additional 43,671 shares during the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.