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.
Read Our Latest Stock Analysis on DMC Global
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
(
Get Free Report)
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.
Further Reading
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