Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – What’s Next?

Black Diamond Group Ltd. (OTCMKTS:BDIMF) shares gapped down prior to trading on Friday . The stock had previously closed at $13.48, but opened at $11.61. Black Diamond Group shares last traded at $11.61, with a volume of 100 shares traded.

Analysts Set New Price Targets

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

Black Diamond Group Stock Down 6.3%

The company has a market cap of $837.40 million, a P/E ratio of 34.50 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50 day moving average price is $13.51 and its 200-day moving average price is $12.56.

Black Diamond Group (OTCMKTS:BDIMF) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Black Diamond Group had a net margin of 6.53% and a return on equity of 8.38%. The business had revenue of $90.71 million for the quarter, compared to the consensus estimate of $91.57 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.