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

DMC Global (NASDAQ:BOOM - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.31 and traded as high as $8.22. DMC Global shares last traded at $8.18, with a volume of 180,053 shares changing hands.

Wall Street Analyst Weigh In

BOOM has been the subject of a number of research analyst reports. Wall Street Zen cut DMC Global from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Weiss Ratings reissued a "sell (d)" rating on shares of DMC Global in a report on Wednesday, October 8th. Finally, Zacks Research lowered DMC Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, DMC Global currently has a consensus rating of "Reduce" and an average price target of $8.50.

DMC Global Stock Performance

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 fifty day simple moving average of $7.37 and a 200 day simple moving average of $7.31. The company has a market capitalization of $168.34 million, a price-to-earnings ratio of -0.95 and a beta of 1.46.

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

Hedge Funds Weigh In On DMC Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of DMC Global by 115.6% in the first quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 2,864 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of DMC Global by 236.2% in the first quarter. PNC Financial Services Group Inc. now owns 6,865 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 4,823 shares in the last quarter. Jump Financial LLC purchased a new position in shares of DMC Global in the second quarter valued at approximately $86,000. SG Americas Securities LLC purchased a new position in shares of DMC Global in the third quarter valued at approximately $91,000. Finally, BNP Paribas Financial Markets lifted its position in shares of DMC Global by 908.0% in the second quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company's stock valued at $93,000 after acquiring an additional 10,406 shares in the last quarter. Hedge funds and other 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.

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