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

Key Points

• DMC Global's stock (NASDAQ: BOOM) crossed above its 200-day moving average of $7.37, reaching a high of $7.83 during trading, with a last traded price of $7.47.
• Analysts have downgraded the stock's rating from "buy" to "hold," with a current consensus rating of "hold" and an average target price of $8.50.
• The company reported a net margin of -17.54% and a revenue of $155.49 million in its latest quarterly earnings, surpassing analyst estimates.

Shares of DMC Global (NASDAQ:BOOM - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.37 and traded as high as $7.83. DMC Global shares last traded at $7.47, with a volume of 469,726 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on BOOM shares. Wall Street Zen lowered shares of DMC Global from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Zacks Research lowered shares of DMC Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, DMC Global currently has a consensus rating of "Hold" and an average target price of $8.50.

DMC Global Stock Down 2.6%

The company's fifty day simple moving average is $7.21 and its 200-day simple moving average is $7.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.76 and a quick ratio of 1.34. The firm has a market capitalization of $153.73 million, a PE ratio of -0.86 and a beta of 1.41.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. DMC Global had a negative net margin of 17.54% and a negative return on equity of 1.27%. The business had revenue of $155.49 million for the quarter, compared to analyst estimates of $151.60 million. DMC Global has set its Q3 2025 guidance at EPS. On average, analysts forecast that DMC Global will post -0.23 EPS for the current year.

Institutional Investors Weigh In On DMC Global

A number of large investors have recently made changes to their positions in the stock. Man Group plc grew its holdings in shares of DMC Global by 54.3% during the second quarter. Man Group plc now owns 89,658 shares of the industrial products company's stock valued at $723,000 after buying an additional 31,560 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of DMC Global during the second quarter valued at $233,000. BNP Paribas Financial Markets grew its holdings in shares of DMC Global by 908.0% during the second quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company's stock valued at $93,000 after buying an additional 10,406 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of DMC Global by 3.8% during the second quarter. Ameriprise Financial Inc. now owns 923,491 shares of the industrial products company's stock valued at $7,443,000 after buying an additional 33,539 shares during the last quarter. Finally, Villanova Investment Management Co LLC grew its holdings in shares of DMC Global by 164.9% during the second quarter. Villanova Investment Management Co LLC now owns 135,613 shares of the industrial products company's stock valued at $1,093,000 after buying an additional 84,420 shares during the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.

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