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

DMC Global (NASDAQ:BOOM - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.59 and traded as high as $8.73. DMC Global shares last traded at $8.38, with a volume of 56,738 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of DMC Global from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Stifel Nicolaus lowered their price target on shares of DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research report on Monday, May 5th.

DMC Global Trading Up 0.5%

The company has a current ratio of 2.66, a quick ratio of 1.33 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $172.53 million, a P/E ratio of -1.03 and a beta of 1.48. The company has a 50-day moving average price of $7.40 and a 200 day moving average price of $7.59.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. On average, research analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of DMC Global

Several hedge funds and other institutional investors have recently made changes to their positions in BOOM. Victory Capital Management Inc. increased its stake in DMC Global by 7.4% during the 4th 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 in the last quarter. AlphaQuest LLC grew its stake in DMC Global by 27.9% during the 4th 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 last quarter. Quantbot Technologies LP acquired a new position in shares of DMC Global in the fourth quarter valued at about $50,000. American Century Companies Inc. raised its stake in shares of 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 worth $1,036,000 after purchasing an additional 43,671 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of DMC Global by 39.1% during the fourth quarter. JPMorgan Chase & Co. now owns 132,422 shares of the industrial products company's stock worth $973,000 after purchasing an additional 37,217 shares during the period. Hedge funds and other institutional investors own 77.63% of the company's stock.

DMC Global Company Profile

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.