Black Diamond, Inc. (CLAR) Upgraded at Zacks Investment Research
Black Diamond, Inc. (NASDAQ:CLAR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday.
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 price objective on shares of Black Diamond and gave the stock a “hold” rating in a research note on Wednesday, August 23rd.
Black Diamond (CLAR) traded up 2.01% during trading on Tuesday, reaching $7.60. The company had a trading volume of 33,515 shares. The stock’s market capitalization is $228.09 million. The stock has a 50 day moving average of $6.83 and a 200-day moving average of $6.13. Black Diamond has a 12-month low of $4.75 and a 12-month high of $7.95.
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In related news, Director Nicolas Sokolow acquired 25,000 shares of the stock in a transaction dated Friday, August 25th. The stock was acquired at an average cost of $7.10 per share, for a total transaction of $177,500.00. Following the completion of the purchase, the director now owns 65,000 shares of the company’s stock, valued at approximately $461,500. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought 60,425 shares of company stock valued at $404,656 over the last quarter. Insiders own 33.60% 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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