Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – Should You Sell?

Black Diamond Group Ltd. (OTCMKTS:BDIMF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $14.29, but opened at $13.50. Black Diamond Group shares last traded at $13.50, with a volume of 100 shares trading hands.

Analyst Upgrades and Downgrades

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

Black Diamond Group Trading Down 4.7%

The firm has a 50-day moving average of $13.41 and a 200 day moving average of $12.48. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $936.23 million, a price-to-earnings ratio of 38.57 and a beta of 0.73.

Black Diamond Group (OTCMKTS:BDIMF) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $93.46 million during the quarter, compared to analyst estimates of $88.74 million. Black Diamond Group had a net margin of 6.53% and a return on equity of 8.38%.

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.