Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down After Earnings Miss

Black Diamond Group Ltd. (OTCMKTS:BDIMF) shares gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $13.03, but opened at $12.33. Black Diamond Group shares last traded at $12.33, with a volume of 100 shares traded.

The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Black Diamond Group had a net margin of 7.65% and a return on equity of 9.79%.

Black Diamond Group Stock Down 5.7%

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $851.08 million, a PE ratio of 32.34 and a beta of 0.67. The stock has a 50-day moving average of $12.03 and a 200 day moving average of $11.25.

Black Diamond Group Company Profile

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.