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

Black Diamond Group Limited (TSE:BDI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.85 and traded as high as C$9.16. Black Diamond Group shares last traded at C$9.05, with a volume of 36,360 shares trading hands.

Wall Street Analyst Weigh In

BDI has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, August 2nd. Raymond James boosted their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 26th.

Black Diamond Group Stock Performance

The company has a market capitalization of C$536.79 million, a price-to-earnings ratio of 18.67 and a beta of 1.54. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05. The stock has a 50 day simple moving average of C$9.57 and a two-hundred day simple moving average of C$8.86.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Black Diamond Group had a return on equity of 10.86% and a net margin of 7.78%. The firm had revenue of C$95.50 million for the quarter, compared to analyst estimates of C$93.70 million. As a group, analysts anticipate that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Black Diamond Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.035 per share. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, December 31st. Black Diamond Group’s payout ratio is currently 25.00%.

Insider Buying and Selling at Black Diamond Group

In related news, Senior Officer Michael Lenard Ridley sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total transaction of C$81,200.00. In other Black Diamond Group news, Senior Officer Michael Lenard Ridley sold 8,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total value of C$81,200.00. Also, Director Steve Stein sold 5,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$10.10, for a total value of C$50,500.00. In the last ninety days, insiders have sold 123,000 shares of company stock worth $1,215,370. Corporate insiders own 23.83% of the company’s stock.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.