Black Diamond Group (OTCMKTS:BDIMF) Shares Down 6.9% – Here’s What Happened

Black Diamond Group Ltd. (OTCMKTS:BDIMF)’s stock price was down 6.9% during trading on Wednesday . The stock traded as low as $12.2150 and last traded at $12.2150. 500 shares traded hands during trading, a decline of 96% from the average daily volume of 13,029 shares. The stock had previously closed at $13.1260.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated an “outperform” rating on shares of Black Diamond Group in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Black Diamond Group Price Performance

The stock has a market cap of $834.41 million, a PE ratio of 48.86 and a beta of 0.74. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $13.23 and its 200-day moving average is $12.75.

Black Diamond Group (OTCMKTS:BDIMF) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $90.71 million during the quarter, compared to analysts’ expectations of $91.57 million. Black Diamond Group had a net margin of 4.60% and a return on equity of 7.24%.

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.