DMC Global (NASDAQ:BOOM) Share Price Passes Above 200 Day Moving Average - Time to Sell?
Market Beat·
- DMC Global shares crossed above their 200-day moving average of $6.55, trading as high as $7.73 before settling at $7.30.
- The industrial products company reported a quarterly revenue of $156.95 million and earnings per share of $0.04, surpassing consensus estimates.
- Institutional investors and hedge funds own 77.63% of the company's stock, while analysts maintain a consensus Hold rating with an average target price of $9.00.