Black Diamond, Inc. (NASDAQ:BDE) announced its quarterly earnings data on Monday. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.08, Morningstar.com reports. Black Diamond had a negative net margin of 4.24% and a negative return on equity of 0.03%. The firm had revenue of $30.70 million during the quarter, compared to analyst estimates of $30.63 million. During the same period last year, the business posted ($0.08) EPS. The company’s revenue was up 5.5% on a year-over-year basis.

Shares of Black Diamond (BDE) traded down 0.355% on Tuesday, hitting $7.025. The company had a trading volume of 20,851 shares. The firm’s 50 day moving average price is $6.63 and its 200-day moving average price is $5.89. Black Diamond has a 52 week low of $4.32 and a 52 week high of $7.10.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System purchased a new position in shares of Black Diamond during the first quarter valued at about $105,000. Stifel Financial Corp purchased a new position in shares of Black Diamond during the first quarter valued at about $112,000. Marquette Asset Management Inc. purchased a new position in shares of Black Diamond during the first quarter valued at about $125,000. Segantii Capital Management Ltd raised its position in shares of Black Diamond by 567.4% in the first quarter. Segantii Capital Management Ltd now owns 28,700 shares of the company’s stock valued at $156,000 after buying an additional 24,400 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Black Diamond during the second quarter valued at about $175,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on BDE shares. Stifel Nicolaus raised Black Diamond from a “hold” rating to a “buy” rating and raised their price objective for the company from $6.00 to $8.00 in a research note on Wednesday, August 2nd. Zacks Investment Research raised Black Diamond from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research note on Tuesday, July 25th.

Black Diamond Company Profile

Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.

Earnings History for Black Diamond (NASDAQ:BDE)

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