DMC Global (NASDAQ:BOOM) Stock Passes Above 200-Day Moving Average - What's Next?

DMC Global (NASDAQ:BOOM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.70 and traded as high as $8.86. DMC Global shares last traded at $8.45, with a volume of 109,542 shares trading hands.

Analysts Set New Price Targets

BOOM has been the subject of a number of recent analyst reports. Wall Street Zen cut DMC Global from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Stifel Nicolaus dropped their price target on shares of 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 Trading Down 3.3%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.33 and a current ratio of 2.66. The company's 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $7.70. The stock has a market cap of $167.40 million, a price-to-earnings ratio of -1.00 and a beta of 1.48.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $159.29 million for the quarter, compared to analyst estimates of $149.00 million. Research analysts expect that DMC Global will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On DMC Global

A number of institutional investors have recently added to or reduced their stakes in BOOM. Cooke & Bieler LP boosted its holdings in shares of DMC Global by 12.0% during the 1st quarter. Cooke & Bieler LP now owns 1,963,653 shares of the industrial products company's stock worth $16,534,000 after buying an additional 210,234 shares in the last quarter. Voss Capital LP boosted its holdings in shares of DMC Global by 229.0% during the 4th quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock valued at $7,491,000 after buying an additional 709,413 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of DMC Global by 325.7% during the fourth quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock valued at $6,412,000 after purchasing an additional 667,429 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in DMC Global by 7.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 603,075 shares of the industrial products company's stock worth $5,078,000 after buying an additional 39,632 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its holdings in DMC Global by 9.9% during the 1st quarter. Hunter Associates Investment Management LLC now owns 461,380 shares of the industrial products company's stock valued at $3,877,000 after buying an additional 41,737 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.