Black Diamond Group (TSE:BDI) Share Price Passes Above Two Hundred Day Moving Average of $4.03

Black Diamond Group Limited (TSE:BDIGet Rating) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.03 and traded as high as C$4.71. Black Diamond Group shares last traded at C$4.65, with a volume of 5,200 shares changing hands.

Wall Street Analyst Weigh In

BDI has been the topic of several research reports. Cormark boosted their price target on Black Diamond Group from C$7.50 to C$7.75 in a research note on Tuesday, November 1st. Raymond James upgraded Black Diamond Group from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from C$6.50 to C$8.00 in a research note on Monday, August 8th. Finally, BMO Capital Markets initiated coverage on Black Diamond Group in a research note on Friday, November 4th. They set a “buy” rating and a C$7.00 price target on the stock.

Black Diamond Group Stock Down 1.1 %

The company has a debt-to-equity ratio of 68.86, a current ratio of 1.28 and a quick ratio of 1.05. The firm has a 50 day moving average of C$4.21 and a 200-day moving average of C$4.03. The stock has a market capitalization of C$275.61 million and a P/E ratio of 10.11.

Black Diamond Group Company Profile

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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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