Black Diamond Group (TSE:BDI) Stock Crosses Above Two Hundred Day Moving Average of $8.72

Black Diamond Group Limited (TSE:BDI)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.72 and traded as high as C$9.51. Black Diamond Group shares last traded at C$9.49, with a volume of 49,094 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BDI. Raymond James increased their target price on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 26th. BMO Capital Markets increased their price target on Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd.

Black Diamond Group Trading Up 0.6 %

The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The stock has a market cap of C$584.72 million, a P/E ratio of 20.21 and a beta of 1.56. The business’s fifty day simple moving average is C$9.31 and its 200 day simple moving average is C$8.73.

Black Diamond Group (TSE:BDI) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.01. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%. The business had revenue of C$95.50 million for the quarter, compared to analysts’ expectations of C$93.70 million. As a group, analysts expect that Black Diamond Group Limited will post 0.5351382 EPS for the current year.

Black Diamond Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. Black Diamond Group’s dividend payout ratio (DPR) is currently 25.00%.

Insider Transactions at Black Diamond Group

In related news, Senior Officer Edward John Redmond sold 80,000 shares of Black Diamond Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$9.80, for a total value of C$784,000.00. In related news, Senior Officer Edward John Redmond sold 80,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$9.80, for a total value of C$784,000.00. Also, Director Steve Stein sold 5,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$10.00, for a total transaction of C$59,023.60. Insiders sold a total of 115,000 shares of company stock worth $1,134,170 over the last 90 days. 23.91% of the stock is owned by insiders.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.