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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.

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