Shares of DMC Global (NASDAQ:BOOM - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.55 and traded as high as $7.73. DMC Global shares last traded at $7.30, with a volume of 109,727 shares trading hands.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of DMC Global in a research note on Friday, May 22nd. Zacks Research upgraded shares of DMC Global from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Wall Street Zen raised shares of DMC Global from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of DMC Global from $7.00 to $8.00 and gave the company a "hold" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $9.00.
Check Out Our Latest Report on DMC Global
DMC Global Stock Down 3.3%
The company has a debt-to-equity ratio of 0.23, a current ratio of 2.56 and a quick ratio of 1.19. The stock has a market capitalization of $149.94 million, a P/E ratio of -7.85 and a beta of 1.74. The firm has a 50 day moving average of $6.63 and a 200-day moving average of $6.55.
DMC Global (NASDAQ:BOOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.19. The company had revenue of $156.95 million during the quarter, compared to the consensus estimate of $148.97 million. DMC Global had a negative return on equity of 6.84% and a negative net margin of 3.37%. On average, equities research analysts expect that DMC Global will post -0.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On DMC Global
A number of hedge funds have recently made changes to their positions in BOOM. Public Employees Retirement System of Ohio bought a new stake in DMC Global in the second quarter valued at about $107,000. Bank of America Corp DE bought a new position in shares of DMC Global during the 2nd quarter worth approximately $474,000. Hsbc Holdings PLC acquired a new stake in DMC Global in the 2nd quarter valued at $213,000. Canada Pension Plan Investment Board bought a new stake in DMC Global in the second quarter valued at $82,000. Finally, Algert Global LLC grew its position in DMC Global by 52.9% in the second quarter. Algert Global LLC now owns 55,702 shares of the industrial products company's stock valued at $324,000 after acquiring an additional 19,282 shares during the period. Institutional investors and hedge funds own 77.63% of the company's stock.
About DMC Global
(
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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.
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