Black Diamond Group (TSE:BDI) Stock Crosses Above 200 Day Moving Average – What’s Next?

Black Diamond Group Limited (TSE:BDI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.40 and traded as high as C$19.33. Black Diamond Group shares last traded at C$19.12, with a volume of 99,188 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Diamond Group presently has an average rating of “Buy” and an average price target of C$19.25.

Black Diamond Group Trading Down 0.5%

The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 39.02 and a beta of 1.00. The business’s fifty day moving average is C$17.70 and its 200 day moving average is C$16.40. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The firm had revenue of C$129.98 million for the quarter. Equities analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Insider Activity

In other news, Director Trevor Haynes sold 10,000 shares of Black Diamond Group stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$18.32, for a total value of C$183,200.00. Following the completion of the transaction, the director owned 4,043,535 shares of the company’s stock, valued at C$74,077,561.20. This trade represents a 0.25% decrease in their position. Also, insider Edward John Redmond sold 138,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$19.54, for a total transaction of C$2,696,520.00. Following the completion of the sale, the insider directly owned 182,420 shares in the company, valued at approximately C$3,564,486.80. The trade was a 43.07% decrease in their ownership of the stock. In the last three months, insiders sold 481,500 shares of company stock valued at $8,727,245. 23.83% of the stock is owned by corporate insiders.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.