Black Diamond Group (TSE:BDI) Announces Earnings Results

Black Diamond Group (TSE:BDI) posted its quarterly earnings results on Thursday. The company reported C$0.09 earnings per share for the quarter, FiscalAI reports. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The firm had revenue of C$129.18 million for the quarter.

Black Diamond Group Price Performance

BDI traded up C$0.07 during trading on Thursday, reaching C$17.21. The company’s stock had a trading volume of 242,743 shares, compared to its average volume of 177,099. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of 35.12 and a beta of 1.08. The firm has a fifty day simple moving average of C$18.95 and a two-hundred day simple moving average of C$17.44. Black Diamond Group has a 1 year low of C$11.27 and a 1 year high of C$20.48. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57.

Insider Buying and Selling

In related news, Director Elizabeth Kernaghan sold 255,500 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of C$19.05, for a total value of C$4,867,275.00. Following the completion of the sale, the director owned 6,584,800 shares of the company’s stock, valued at approximately C$125,440,440. This trade represents a 3.74% decrease in their ownership of the stock. Also, Director Steve Stein sold 5,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$18.67, for a total value of C$93,350.00. Following the transaction, the director directly owned 82,704 shares in the company, valued at C$1,544,083.68. This trade represents a 5.70% decrease in their position. Insiders have sold 1,379,700 shares of company stock valued at $26,322,740 over the last ninety days. 23.83% of the stock is currently owned by company insiders.

About Black Diamond Group

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.