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Investment analysts at DA Davidson decreased their target price on shares of Black Diamond (NYSE:BDE) from $12.00 to $10.00 in a note issued to investors on Tuesday. DA Davidson’s price objective would suggest a potential upside of 12.74% from the stock’s previous close.

A number of other firms have also recently commented on BDE. Analysts at Needham & Company LLC cut their price target on shares of Black Diamond from $15.00 to $10.00 in a research note on Tuesday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Black Diamond in a research note on Tuesday. They now have a $12.00 price target on the stock, down previously from $17.00. Finally, analysts at Oppenheimer cut their price target on shares of Black Diamond from $14.00 to $12.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.25.

Black Diamond (NYSE:BDE) traded down 9.70% during mid-day trading on Tuesday, hitting $8.01. The stock had a trading volume of 371,602 shares. Black Diamond has a 52-week low of $8.39 and a 52-week high of $15.15. The stock’s 50-day moving average is $10.31 and its 200-day moving average is $10.92. The company’s market cap is $260.3 million.

Black Diamond (NYSE:BDE) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.03. The company had revenue of $34.40 million for the quarter, compared to the consensus estimate of $43.65 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, analysts predict that Black Diamond will post $-0.11 earnings per share for the current fiscal year.

Black Diamond, Inc (NYSE:BDE), formerly Clarus Corporation, incorporated in 1991, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.

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