Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Up – Should You Buy?

Black Diamond Group Ltd. (OTCMKTS:BDIMF) shares gapped up prior to trading on Thursday . The stock had previously closed at $12.95, but opened at $13.82. Black Diamond Group shares last traded at $13.82, with a volume of 100 shares.

Analyst Upgrades and Downgrades

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

Black Diamond Group Stock Up 0.1%

The stock has a market capitalization of $945.41 million, a P/E ratio of 55.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a fifty day moving average price of $13.34 and a 200 day moving average price of $12.64.

Black Diamond Group (OTCMKTS:BDIMF) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $90.71 million for the quarter, compared to analyst estimates of $91.57 million. Black Diamond Group had a return on equity of 7.31% and a net margin of 4.60%.

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.