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Black Diamond (NYSE:BDE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Monday. They currently have a $7.50 target price on the stock. Zacks‘s price objective would indicate a potential downside of 5.06% from the stock’s previous close.

Black Diamond (NYSE:BDE) traded down 2.66% during mid-day trading on Monday, hitting $7.69. 278,708 shares of the company’s stock traded hands. Black Diamond has a one year low of $7.73 and a one year high of $15.15. The stock’s 50-day moving average is $9.90 and its 200-day moving average is $10.82. The company’s market cap is $250.3 million.

Black Diamond (NYSE:BDE) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.01) earnings per share. Black Diamond’s revenue was up 17.8% compared to the same quarter last year. On average, analysts predict that Black Diamond will post $-0.18 earnings per share for the current fiscal year.

A number of other firms have also recently commented on BDE. Analysts at BMO Capital Markets downgraded shares of Black Diamond to a “market perform” rating in a research note on Thursday. Separately, analysts at Roth Capital reiterated a “neutral” rating on shares of Black Diamond in a research note on Wednesday, August 13th. They now have a $8.50 price target on the stock, down previously from $10.00. Finally, analysts at DA Davidson cut their price target on shares of Black Diamond from $12.00 to $10.00 in a research note on Tuesday, August 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.11.

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.

To view Zacks’ full report, visit Zacks’ official website.

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