Zacks Investment Research upgraded shares of Black Diamond, Inc. (NASDAQ:CLAR) from a strong sell rating to a hold rating in a research note published on Tuesday, October 10th.
According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “
Separately, Roth Capital set a $7.00 target price on shares of Black Diamond and gave the stock a hold rating in a report on Wednesday, August 23rd.
Shares of Black Diamond (NASDAQ CLAR) opened at 7.35 on Tuesday. Black Diamond has a 12 month low of $4.75 and a 12 month high of $7.95. The firm’s 50-day moving average is $7.33 and its 200 day moving average is $6.52. The firm’s market capitalization is $220.59 million.
In other news, Director Nicolas Sokolow purchased 19,625 shares of the stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost of $6.39 per share, for a total transaction of $125,403.75. Following the acquisition, the director now owns 65,000 shares of the company’s stock, valued at $415,350. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 60,425 shares of company stock worth $404,656 over the last 90 days. Company insiders own 46.80% of the company’s stock.
About Black Diamond
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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