Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – Should You Sell?

Black Diamond Group Ltd. (OTCMKTS:BDIMF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.22, but opened at $10.78. Black Diamond Group shares last traded at $10.78, with a volume of 213 shares changing hands.

Wall Street Analyst Weigh In

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

Black Diamond Group Trading Up 15.5%

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day simple moving average of $13.10 and a two-hundred day simple moving average of $12.17. The firm has a market cap of $884.91 million, a PE ratio of 36.46 and a beta of 0.73.

Black Diamond Group (OTCMKTS:BDIMF) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $93.46 million during the quarter, compared to analysts’ expectations of $88.74 million. Black Diamond Group had a return on equity of 8.65% and a net margin of 6.53%.

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.