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

Shares of DMC Global (NASDAQ:BOOM - Get Free Report) passed 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 trading hands.

Analyst Upgrades and Downgrades

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

DMC Global Price Performance

The firm has a market cap of $171.71 million, a price-to-earnings ratio of -1.03 and a beta of 1.48. 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 company has a 50 day moving average of $7.40 and a 200 day moving average of $7.59.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.19. The business had revenue of $159.29 million for the quarter, compared to the consensus estimate of $149.00 million. DMC Global had a negative return on equity of 0.01% and a negative net margin of 15.73%. Equities research analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On DMC Global

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in DMC Global by 55.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 137,128 shares of the industrial products company's stock worth $1,155,000 after purchasing an additional 48,732 shares in the last quarter. Strs Ohio bought a new position in DMC Global during the 1st quarter worth about $487,000. Focus Partners Wealth increased its holdings in DMC Global by 39.9% during the 1st quarter. Focus Partners Wealth now owns 70,539 shares of the industrial products company's stock worth $594,000 after purchasing an additional 20,110 shares in the last quarter. Jane Street Group LLC increased its holdings in DMC Global by 102.5% during the 1st quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company's stock worth $231,000 after purchasing an additional 13,864 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in DMC Global by 7.5% during the 1st quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company's stock worth $866,000 after purchasing an additional 7,216 shares in the last quarter. Institutional investors own 77.63% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.