Black Diamond Group (OTCMKTS:BDIMF) Releases Earnings Results, Meets Expectations

Black Diamond Group (OTCMKTS:BDIMF) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07, Zacks reports. Black Diamond Group had a net margin of 4.60% and a return on equity of 7.31%. The business had revenue of $90.71 million during the quarter, compared to analysts’ expectations of $91.57 million.

Black Diamond Group Stock Performance

Shares of BDIMF stock traded down $0.36 during trading hours on Friday, reaching $12.53. 87,857 shares of the company’s stock were exchanged, compared to its average volume of 13,990. Black Diamond Group has a fifty-two week low of $8.20 and a fifty-two week high of $15.35. The stock has a market capitalization of $870.21 million, a P/E ratio of 50.12 and a beta of 0.73. The business has a fifty day moving average price of $13.50 and a 200-day moving average price of $12.56. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.85.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Black Diamond Group in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Black Diamond Group currently has a consensus rating of “Buy”.

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.