Black Diamond Group (TSE:BDI) Stock Crosses Above 200 Day Moving Average of $8.41

Black Diamond Group Limited (TSE:BDI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.41 and traded as high as C$8.70. Black Diamond Group shares last traded at C$8.47, with a volume of 73,750 shares trading hands.

Wall Street Analysts Forecast Growth

BDI has been the subject of several research analyst reports. BMO Capital Markets cut their target price on shares of Black Diamond Group from C$12.00 to C$11.00 in a research note on Tuesday, April 23rd. Canaccord Genuity Group increased their price objective on shares of Black Diamond Group from C$9.50 to C$11.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, Acumen Capital increased their price objective on shares of Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Monday, March 4th.

Black Diamond Group Stock Down 2.6 %

The company’s fifty day moving average price is C$8.91 and its 200-day moving average price is C$8.41. The stock has a market cap of C$509.98 million, a P/E ratio of 17.29 and a beta of 1.73. The company has a debt-to-equity ratio of 72.03, a quick ratio of 1.05 and a current ratio of 1.10.

Black Diamond Group (TSE:BDI) last released its earnings results on Thursday, February 29th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.03. The firm had revenue of C$103.40 million during the quarter, compared to analyst estimates of C$89.70 million. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%. Equities analysts forecast that Black Diamond Group Limited will post 0.4599247 EPS for the current year.

Black Diamond Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.42%. Black Diamond Group’s payout ratio is 24.49%.

Insider Activity

In related news, Director Trevor Haynes sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total transaction of C$87,520.00. In other Black Diamond Group news, Director Trevor Haynes sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total transaction of C$87,520.00. Also, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$9.05, for a total transaction of C$45,250.00. In the last quarter, insiders sold 53,850 shares of company stock worth $479,979. 24.18% of the stock is currently owned by corporate insiders.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.