Michael Lenard Ridley Sells 10,000 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the completion of the transaction, the insider owned 432,253 shares in the company, valued at C$7,564,427.50. The trade was a 2.26% decrease in their position.

Black Diamond Group Trading Up 0.3%

TSE BDI opened at C$17.81 on Friday. Black Diamond Group Limited has a one year low of C$9.20 and a one year high of C$18.75. The company’s 50 day moving average price is C$16.67 and its 200 day moving average price is C$15.85. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 36.35 and a beta of 1.12.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The firm had revenue of C$129.98 million for the quarter. On average, sell-side analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Black Diamond Group currently has a consensus rating of “Buy” and a consensus price target of C$19.25.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.