Black Diamond Group (TSE:BDI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Black Diamond Group Limited (TSE:BDI) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.67 and traded as high as C$16.75. Black Diamond Group shares last traded at C$16.49, with a volume of 114,044 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on BDI. BMO Capital Markets lifted their price objective on Black Diamond Group from C$18.00 to C$20.00 in a research note on Friday, January 16th. Raymond James Financial downgraded Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and lifted their price target for the company from C$18.00 to C$20.00 in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$18.50.

Black Diamond Group Trading Up 0.1%

The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46. The stock has a fifty day moving average of C$15.08 and a two-hundred day moving average of C$13.71. The company has a market capitalization of C$1.11 billion, a PE ratio of 28.45 and a beta of 0.85.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$105.32 million during the quarter. Black Diamond Group had a net margin of 6.46% and a return on equity of 8.11%. As a group, sell-side analysts anticipate that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert Wagemakers sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of C$14.10, for a total transaction of C$282,000.00. Following the transaction, the director directly owned 543,580 shares in the company, valued at C$7,664,478. This trade represents a 3.55% decrease in their position. 23.83% of the stock is owned by corporate insiders.

About Black Diamond Group

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.