Black Diamond Group (OTCMKTS:BDIMF) Sets New 1-Year High – Time to Buy?

Black Diamond Group Ltd. (OTCMKTS:BDIMF)’s share price hit a new 52-week high on Thursday . The stock traded as high as $11.9625 and last traded at $11.9625, with a volume of 36868 shares. The stock had previously closed at $11.91.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Black Diamond Group in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Black Diamond Group Trading Up 1.1%

The stock has a market cap of $830.82 million, a PE ratio of 29.49 and a beta of 0.64. The company’s 50-day moving average price is $10.67 and its 200 day moving average price is $9.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.35 and a current ratio of 1.35.

Black Diamond Group (OTCMKTS:BDIMF) last posted its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Black Diamond Group had a return on equity of 10.76% and a net margin of 8.23%.The company had revenue of $75.61 million during the quarter, compared to analysts’ expectations of $109.40 million.

About Black Diamond Group

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.