Black Diamond Group (TSE:BDI) Shares Pass Above 200 Day Moving Average of $8.26

Black Diamond Group Limited (TSE:BDI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.26 and traded as high as C$8.51. Black Diamond Group shares last traded at C$8.38, with a volume of 41,172 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Canaccord Genuity Group increased their price target on Black Diamond Group from C$9.50 to C$11.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Acumen Capital lifted their price target 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. Finally, BMO Capital Markets lifted their price objective on Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, March 1st.

Black Diamond Group Price Performance

The company has a market capitalization of C$504.56 million, a PE ratio of 17.10 and a beta of 1.73. The stock’s 50-day moving average is C$9.02 and its two-hundred day moving average is C$8.26. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 72.03.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.03. The business had revenue of C$103.40 million during the quarter, compared to the consensus estimate of C$89.70 million. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%. On average, equities analysts predict that Black Diamond Group Limited will post 0.4599247 EPS for the current year.

Black Diamond Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 annualized dividend and a yield of 1.43%. Black Diamond Group’s dividend payout ratio is presently 24.49%.

Insider Buying and Selling at Black Diamond Group

In other Black Diamond Group news, Senior Officer Patrick Melanson sold 13,000 shares of the firm’s stock in a transaction that occurred 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. In related news, Director Steve Stein sold 5,000 shares of Black Diamond Group stock in a transaction 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 13,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$9.07, for a total transaction of C$117,910.00. Insiders have sold 53,850 shares of company stock worth $479,979 in the last ninety days. 24.18% of the stock is owned by insiders.

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.