Black Diamond Group (TSE:BDI) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Black Diamond Group Limited (TSE:BDI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.88 and traded as high as C$9.45. Black Diamond Group shares last traded at C$9.45, with a volume of 10,816 shares traded.

Black Diamond Group Trading Up 1.1%

The firm has a 50-day moving average of C$8.79 and a two-hundred day moving average of C$8.88. The firm has a market capitalization of C$588.36 million, a P/E ratio of 23.94 and a beta of 1.54. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46.

Insiders Place Their Bets

In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 3,540 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$8.35, for a total transaction of C$29,559.00. Also, Director Steve Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of C$9.20, for a total transaction of C$184,000.00. Over the last 90 days, insiders sold 32,598 shares of company stock valued at $295,304. 23.83% of the stock is currently owned by corporate 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.