Shares of Black Diamond Group Limited (TSE:BDI – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.17 and traded as high as C$8.90. Black Diamond Group shares last traded at C$8.76, with a volume of 47,237 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Acumen Capital raised their price objective on Black Diamond Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Monday, March 4th. Canaccord Genuity Group raised their price target on Black Diamond Group from C$9.50 to C$11.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, BMO Capital Markets lifted their price target on shares of Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, March 1st.
Read Our Latest Stock Report on BDI
Black Diamond Group Trading Down 1.0 %
The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 72.03. The company has a market capitalization of C$527.44 million, a P/E ratio of 17.88 and a beta of 1.73. The business has a fifty day moving average price of C$9.06 and a 200 day moving average price of C$8.17.
Black Diamond Group (TSE:BDI – Get Free Report) last released its earnings results on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.03. The firm had revenue of C$103.40 million for the quarter, compared to analysts’ expectations of C$89.70 million. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. On average, analysts expect that Black Diamond Group Limited will post 0.4650794 earnings per share for the current fiscal year.
Black Diamond Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, March 27th. Black Diamond Group’s payout ratio is 24.49%.
Insider Activity at Black Diamond Group
In related news, Senior Officer Patrick Melanson sold 13,000 shares of Black Diamond Group stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$9.07, for a total value of C$117,910.00. In related news, Senior Officer Patrick Melanson sold 13,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total value of C$117,910.00. Also, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$9.05, for a total transaction of C$45,250.00. Over the last 90 days, insiders sold 43,850 shares of company stock valued at $392,459. Corporate insiders own 24.18% of the company’s stock.
About Black Diamond Group
Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.
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Read More: Black Diamond Group (TSE:BDI) Stock Price Passes Above 200 Day Moving Average of