Black Diamond, Inc. (CLAR) Downgraded to Hold at Zacks Investment Research
Black Diamond, Inc. (NASDAQ:CLAR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.
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 Black Diamond and gave the stock a “hold” rating in a research note on Wednesday, August 23rd.
Black Diamond (NASDAQ CLAR) traded down 2.72% during trading on Monday, hitting $7.15. The stock had a trading volume of 43,964 shares. Black Diamond has a 52-week low of $4.75 and a 52-week high of $7.95. The firm’s 50-day moving average price is $7.33 and its 200-day moving average price is $6.52. The company’s market cap is $214.59 million.
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In other news, Director Nicolas Sokolow acquired 25,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of $7.10 per share, for a total transaction of $177,500.00. Following the purchase, the director now owns 65,000 shares in the company, valued at $461,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 60,425 shares of company stock valued at $404,656. 46.80% of the stock is owned by company insiders.
Black Diamond Company Profile
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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