Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Up – Here’s Why

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF) gapped up prior to trading on Wednesday . The stock had previously closed at $13.27, but opened at $14.35. Black Diamond Group shares last traded at $14.35, with a volume of 450 shares.

Wall Street Analyst Weigh In

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

Black Diamond Group Stock Performance

The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 41.43 and a beta of 0.73. The company’s fifty day simple moving average is $13.27 and its two-hundred day simple moving average is $12.38. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.42 and a quick ratio of 1.42.

Black Diamond Group (OTCMKTS:BDIMF) last posted its earnings results on Thursday, April 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Black Diamond Group had a return on equity of 8.65% and a net margin of 6.53%.The business had revenue of $93.46 million for the quarter, compared to the consensus estimate of $88.74 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.