Black Diamond Group (TSE:BDI) Stock Crosses Above 200-Day Moving Average of $8.77

Black Diamond Group Limited (TSE:BDI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.77 and traded as high as C$10.00. Black Diamond Group shares last traded at C$9.89, with a volume of 55,561 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BDI. Raymond James upped their target price on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a report on Monday, August 26th. BMO Capital Markets upped their price target on shares of Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, August 2nd.

Black Diamond Group Stock Performance

The company’s 50-day moving average is C$9.63 and its two-hundred day moving average is C$8.78. The company has a market capitalization of C$592.51 million, a P/E ratio of 20.60 and a beta of 1.56. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%. The firm had revenue of C$95.50 million for the quarter, compared to analyst estimates of C$93.70 million. Equities analysts anticipate that Black Diamond Group Limited will post 0.5351732 earnings per share for the current fiscal year.

Black Diamond Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Monday, September 30th. Black Diamond Group’s dividend payout ratio (DPR) is currently 25.00%.

Insider Activity

In related news, Director Steve Stein sold 5,900 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$10.00, for a total value of C$59,023.60. In related news, Director Steve Stein sold 5,900 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$10.00, for a total transaction of C$59,023.60. Also, Senior Officer Edward John Redmond sold 20,000 shares of Black Diamond Group stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$9.97, for a total transaction of C$199,400.00. In the last three months, insiders have sold 123,000 shares of company stock worth $1,215,370. 23.83% of the stock is currently owned by insiders.

Black Diamond Group Company Profile

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.