Black Diamond Group (TSE:BDI) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Black Diamond Group Limited (TSE:BDI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.88 and traded as high as C$16.56. Black Diamond Group shares last traded at C$16.39, with a volume of 85,495 shares.

Analyst Ratings Changes

A number of research analysts recently commented on BDI shares. Raymond James Financial lowered shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and raised their price objective for the company from C$18.00 to C$20.00 in a research note on Tuesday, January 20th. BMO Capital Markets raised their price objective on shares of Black Diamond Group from C$18.00 to C$20.00 in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$18.50.

Black Diamond Group Price Performance

The company has a market capitalization of C$1.10 billion, a P/E ratio of 28.26 and a beta of 0.96. The stock’s fifty day simple moving average is C$15.31 and its 200-day simple moving average is C$13.89. The company has a debt-to-equity ratio of 88.46, a current ratio of 1.17 and a quick ratio of 1.05.

Black Diamond Group (TSE:BDI) last announced its earnings results on Thursday, October 30th. The company reported C$0.18 earnings per share for the quarter. Black Diamond Group had a return on equity of 8.11% and a net margin of 6.46%.The firm had revenue of C$105.32 million during the quarter. On average, equities analysts forecast that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Insider Transactions at Black Diamond Group

In other news, Director Robert Wagemakers sold 20,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of C$14.10, for a total transaction of C$282,000.00. Following the completion of the sale, the director owned 543,580 shares in the company, valued at C$7,664,478. The trade was a 3.55% decrease in their ownership of the stock. Insiders own 23.83% of the company’s stock.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.