Black Diamond Group (TSE:BDI) Stock Price Crosses Above Two Hundred Day Moving Average of $4.08

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$4.08 and traded as high as C$4.75. Black Diamond Group shares last traded at C$4.66, with a volume of 17,550 shares changing hands.

Several research firms recently commented on BDI. Canaccord Genuity increased their price target on Black Diamond Group from C$5.50 to C$6.00 in a report on Thursday, November 4th. Raymond James increased their price target on Black Diamond Group from C$6.25 to C$7.00 and gave the company an “outperform” rating in a report on Thursday, November 4th.

The firm has a 50 day simple moving average of C$4.24 and a 200-day simple moving average of C$4.09. The company has a debt-to-equity ratio of 80.65, a current ratio of 1.15 and a quick ratio of 1.01. The company has a market cap of C$266.00 million and a price-to-earnings ratio of 36.80.

Black Diamond Group (TSE:BDI) last posted its earnings results on Tuesday, November 2nd. The company reported C$0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.07. The business had revenue of C$108.77 million for the quarter, compared to analyst estimates of C$67.20 million. Research analysts anticipate that Black Diamond Group Limited will post 0.25 EPS for the current fiscal year.

The firm also recently announced a None dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Monday, November 15th will be paid a dividend of $0.013 per share. The ex-dividend date of this dividend is Friday, November 12th.

In related news, Senior Officer Patrick Melanson sold 25,000 shares of Black Diamond Group stock in a transaction on Friday, November 5th. The stock was sold at an average price of C$5.30, for a total value of C$132,500.00. Following the completion of the transaction, the insider now directly owns 90,455 shares in the company, valued at C$479,411.50. Also, Senior Officer Michael Lenard Ridley sold 7,500 shares of Black Diamond Group stock in a transaction on Thursday, November 11th. The shares were sold at an average price of C$5.05, for a total value of C$37,893.75. Following the completion of the transaction, the insider now owns 85,831 shares of the company’s stock, valued at C$433,661.13. In the last three months, insiders have sold 37,500 shares of company stock valued at $195,384.

Black Diamond Group Company Profile (TSE:BDI)

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, manufacturing, education, financial, and resource industries, as well as government agencies in North America.

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