Black Diamond Group (OTCMKTS:BDIMF) Trading 8.3% Higher – Should You Buy?

Black Diamond Group Ltd. (OTCMKTS:BDIMF) shares shot up 8.3% on Thursday . The stock traded as high as $14.3760 and last traded at $14.3760. Approximately 523 shares were traded during trading, a decline of 93% from the average daily volume of 7,901 shares. The stock had previously closed at $13.27.

Analysts Set New Price Targets

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

Black Diamond Group Stock Performance

The business has a 50-day moving average of $13.23 and a 200 day moving average of $12.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $996.98 million, a PE ratio of 41.08 and a beta of 0.73.

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

Black Diamond Group Company Profile

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.