Black Diamond Group (OTCMKTS:BDIMF) Trading 8.3% Higher – Should You Buy?

Black Diamond Group Ltd. (OTCMKTS:BDIMF)’s share price was up 8.3% on Thursday . The stock traded as high as $14.3760 and last traded at $14.3760. Approximately 523 shares changed hands during trading, a decline of 93% from the average daily volume of 7,901 shares. The stock had previously closed at $13.27.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of Black Diamond Group in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Black Diamond Group Trading Up 0.0%

The stock has a 50-day moving average price of $13.23 and a two-hundred day moving average price of $12.36. The stock has a market capitalization of $996.98 million, a PE ratio of 41.08 and a beta of 0.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.42 and a current ratio of 1.42.

Black Diamond Group (OTCMKTS:BDIMF) last released its earnings results on Thursday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). Black Diamond Group had a return on equity of 8.65% and a net margin of 6.53%.The firm had revenue of $93.46 million during the quarter, compared to analysts’ expectations of $88.74 million.

About Black Diamond Group

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.