Black Diamond Group (TSE:BDI) Trading Down 8.3%

Shares of Black Diamond Group Limited (TSE:BDI) dropped 8.3% during mid-day trading on Friday . The stock traded as low as C$7.57 and last traded at C$7.75. Approximately 124,639 shares changed hands during mid-day trading, an increase of 158% from the average daily volume of 48,270 shares. The stock had previously closed at C$8.45.

Analysts Set New Price Targets

A number of equities analysts recently commented on BDI shares. 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 note on Monday, March 4th. Acumen Capital increased their target price on Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, BMO Capital Markets reduced their price target on shares of Black Diamond Group from C$12.00 to C$11.00 in a research report on Tuesday, April 23rd.

Black Diamond Group Trading Down 5.3 %

The stock’s fifty day moving average is C$8.85 and its 200 day moving average is C$8.44. 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 stock has a market cap of C$481.68 million, a P/E ratio of 16.33 and a beta of 1.61.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating 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 analyst estimates of C$89.70 million. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. As a group, equities research analysts predict that Black Diamond Group Limited will post 0.4749859 earnings per share for the current fiscal year.

Black Diamond Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.50%. The ex-dividend date was Wednesday, March 27th. Black Diamond Group’s payout ratio is 24.49%.

Insider Buying and Selling at Black Diamond Group

In other news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$9.05, for a total value of C$45,250.00. In other news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$9.05, for a total value of C$45,250.00. Also, Senior Officer Patrick Melanson sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$9.07, for a total value of C$117,910.00. Insiders have sold 53,850 shares of company stock worth $479,979 over the last quarter. Insiders own 23.91% 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.