Black Diamond Group (OTCMKTS:BDIMF) Hits New 12-Month High – Should You Buy?

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF) reached a new 52-week high during trading on Friday . The stock traded as high as $11.92 and last traded at $11.92, with a volume of 300 shares traded. The stock had previously closed at $11.44.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Black Diamond Group in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Black Diamond Group Price Performance

The company has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $9.53. The stock has a market cap of $818.46 million, a PE ratio of 29.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.35.

Black Diamond Group (OTCMKTS:BDIMF) last issued its earnings results on Thursday, October 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Black Diamond Group had a net margin of 8.23% and a return on equity of 10.76%. The company had revenue of $75.61 million for the quarter, compared to analyst estimates of $109.40 million.

About Black Diamond Group

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.