DMC Global (NASDAQ:BOOM) Stock Crosses Above 200-Day Moving Average - Here's What Happened

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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BOOM. Wall Street Zen upgraded shares of DMC Global from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Stifel Nicolaus decreased their target price on shares of DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research note on Monday, May 5th.

DMC Global Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.66 and a quick ratio of 1.33. The stock has a market cap of $174.58 million, a price-to-earnings ratio of -1.04 and a beta of 1.48. The stock's 50-day moving average is $7.46 and its 200 day moving average is $7.62.

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

Institutional Investors Weigh In On DMC Global

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of 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 valued at $1,155,000 after acquiring an additional 48,732 shares during the period. Strs Ohio purchased a new position in shares of DMC Global during the 1st quarter worth approximately $487,000. Focus Partners Wealth increased its stake in shares of 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 grew its stake in DMC Global by 102.5% in the 1st quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company's stock worth $231,000 after acquiring an additional 13,864 shares during the period. Finally, Empowered Funds LLC grew its stake in DMC Global by 7.5% in the 1st quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company's stock worth $866,000 after acquiring an additional 7,216 shares during the period. Institutional investors and hedge funds 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.