DMC Global (NASDAQ:BOOM) Shares Cross Above 200 Day Moving Average – Should You Sell?

DMC Global (NASDAQ:BOOM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.73 and traded as high as $7.10. DMC Global shares last traded at $7.04, with a volume of 207,540 shares.

Analyst Ratings Changes

BOOM has been the topic of a number of research analyst reports. Zacks Research upgraded shares of DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Roth Mkm cut their target price on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d-)” rating on shares of DMC Global in a report on Friday, May 22nd. Wall Street Zen raised DMC Global from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Stifel Nicolaus lowered their price target on DMC Global from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.50.

DMC Global Stock Performance

The firm has a market capitalization of $126.91 million, a price-to-earnings ratio of -4.88 and a beta of 1.73. The firm’s 50-day moving average price is $6.67 and its two-hundred day moving average price is $6.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 2.39.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.03. The firm had revenue of $135.59 million during the quarter, compared to analyst estimates of $134.23 million. DMC Global had a negative net margin of 4.28% and a negative return on equity of 6.02%. Sell-side analysts predict that DMC Global will post -0.29 earnings per share for the current year.

Institutional Trading of DMC Global

Institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in DMC Global in the third quarter valued at $31,000. Van Den Berg Management I Inc. bought a new position in shares of DMC Global during the third quarter valued at $86,000. Jump Financial LLC acquired a new stake in shares of DMC Global in the 2nd quarter valued at $86,000. BNP Paribas Financial Markets boosted its stake in shares of DMC Global by 908.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 10,406 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of DMC Global by 9.5% in the 1st quarter. Bank of America Corp DE now owns 18,641 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 1,623 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.