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

Black Diamond Group Limited (TSE:BDI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.60 and traded as high as C$19.43. Black Diamond Group shares last traded at C$19.20, with a volume of 238,246 shares traded.

Black Diamond Group Price Performance

The company has a debt-to-equity ratio of 100.26, a current ratio of 1.57 and a quick ratio of 1.05. The company has a fifty day moving average price of C$18.75 and a 200 day moving average price of C$17.60. The company has a market capitalization of C$1.32 billion, a P/E ratio of 54.86 and a beta of 1.08.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.09 earnings per share (EPS) for the quarter. Black Diamond Group had a return on equity of 5.89% and a net margin of 4.60%.The business had revenue of C$129.18 million for the quarter. On average, sell-side analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Insider Buying and Selling at Black Diamond Group

In related news, insider Edward John Redmond sold 138,000 shares of Black Diamond Group stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$19.54, for a total value of C$2,696,520.00. Following the sale, the insider directly owned 182,420 shares in the company, valued at C$3,564,486.80. This trade represents a 43.07% decrease in their position. Also, Director Elizabeth Kernaghan sold 255,500 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the transaction, the director directly owned 6,584,800 shares of the company’s stock, valued at C$125,440,440. The trade was a 3.74% decrease in their ownership of the stock. In the last ninety days, insiders have sold 1,379,700 shares of company stock valued at $26,322,740. Corporate insiders own 23.83% of the company’s stock.

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.