Black Diamond Group (OTCMKTS:BDIMF) Sees Unusually-High Trading Volume After Better-Than-Expected Earnings

Black Diamond Group Ltd. (OTCMKTS:BDIMF) shares saw strong trading volume on Friday following a better than expected earnings announcement. 6,700 shares changed hands during trading, an increase of 410% from the previous session’s volume of 1,314 shares.The stock last traded at $10.69 and had previously closed at $10.70.

The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Black Diamond Group had a return on equity of 9.85% and a net margin of 7.20%.The firm had revenue of $75.61 million for the quarter, compared to analyst estimates of $109.40 million.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Black Diamond Group in a report on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Black Diamond Group has an average rating of “Buy”.

Black Diamond Group Stock Performance

The company has a 50 day moving average of $9.61 and a 200 day moving average of $8.12. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.74. The firm has a market cap of $715.62 million, a price-to-earnings ratio of 28.92 and a beta of 0.63.

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.