Black Diamond Group (TSE:BDI) Share Price Crosses Above 200 Day Moving Average of $8.17

Black Diamond Group Limited (TSE:BDI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

BDI has been the subject of a number of recent analyst reports. Acumen Capital upped their target price on Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Monday, March 4th. Canaccord Genuity Group upped their target price on Black Diamond Group from C$9.50 to C$11.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, BMO Capital Markets upped their target price on Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, March 1st.

Black Diamond Group Stock Performance

The company has a debt-to-equity ratio of 72.03, a quick ratio of 1.05 and a current ratio of 1.10. The business’s 50-day moving average is C$9.06 and its 200-day moving average is C$8.18. The company has a market capitalization of C$527.44 million, a PE ratio of 17.88 and a beta of 1.73.

Black Diamond Group (TSE:BDI) last announced its earnings results on Thursday, February 29th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%. The business had revenue of C$103.40 million during the quarter, compared to the consensus estimate of C$89.70 million. On average, research analysts anticipate that Black Diamond Group Limited will post 0.4650794 earnings per share for the current year.

Black Diamond Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis 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 Transactions at Black Diamond Group

In other news, Director Steve Stein sold 5,000 shares of Black Diamond Group stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$8.84, for a total value of C$44,200.00. In related news, Director Steve Stein sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total transaction of C$44,200.00. Also, Senior Officer Patrick Melanson sold 10,350 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$8.74, for a total transaction of C$90,459.00. Over the last three months, insiders have sold 43,850 shares of company stock valued at $392,459. 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.