Black Diamond Group (TSE:BDI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Black Diamond Group Limited (TSE:BDI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.89 and traded as high as C$18.84. Black Diamond Group shares last traded at C$18.79, with a volume of 57,191 shares.

Black Diamond Group Stock Up 3.9%

The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 93.57. The firm has a market cap of C$1.27 billion, a price-to-earnings ratio of 38.35 and a beta of 1.00. The firm has a 50-day moving average of C$18.25 and a two-hundred day moving average of C$16.89.

Black Diamond Group (TSE:BDI) last released its earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$129.98 million for the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%. As a group, sell-side analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Trevor Haynes sold 10,000 shares of the firm’s stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$18.32, for a total value of C$183,200.00. Following the sale, the director owned 4,043,535 shares in the company, valued at approximately C$74,077,561.20. This trade represents a 0.25% decrease in their ownership of the stock. Also, Director Robert Wagemakers sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$19.09, for a total transaction of C$28,635.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at C$190,900. This trade represents a 13.04% decrease in their position. Insiders sold 351,100 shares of company stock valued at $6,676,078 in the last ninety days. Company insiders own 23.83% of the company’s stock.

Black Diamond Group Company Profile

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.