Black Diamond Group (TSE:BDI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Black Diamond Group Limited (TSE:BDI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.35 and traded as high as C$20.09. Black Diamond Group shares last traded at C$19.32, with a volume of 294,218 shares traded.

Black Diamond Group Stock Down 0.1%

The firm’s 50-day simple moving average is C$18.87 and its 200 day simple moving average is C$17.38. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. The company has a market cap of C$1.30 billion, a P/E ratio of 38.73 and a beta of 1.08.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%.The business had revenue of C$129.98 million for the quarter. On average, research analysts forecast that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Insider Transactions at Black Diamond Group

In other Black Diamond Group news, insider Kernwood Limited sold 255,500 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the transaction, the insider owned 6,584,800 shares in the company, valued at approximately C$125,440,440. This trade represents a 3.74% decrease in their ownership of the stock. Also, Director Steve Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$17.76, for a total value of C$355,200.00. Following the transaction, the director owned 609,636 shares of the company’s stock, valued at C$10,827,135.36. The trade was a 3.18% 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.

Black Diamond Group Company Profile

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.