Insider Buying: Black Diamond, Inc. (CLAR) Insider Buys 5,923 Shares of Stock
Black Diamond, Inc. (NASDAQ:CLAR) insider Aaron Kuehne bought 5,923 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $7.21 per share, for a total transaction of $42,704.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Black Diamond, Inc. (CLAR) traded up $0.25 during trading hours on Monday, hitting $7.35. The stock had a trading volume of 54,300 shares, compared to its average volume of 90,887. The company has a current ratio of 4.53, a quick ratio of 1.68 and a debt-to-equity ratio of 0.18. Black Diamond, Inc. has a 1-year low of $5.00 and a 1-year high of $7.95.
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A number of research firms have recently issued reports on CLAR. Zacks Investment Research raised Black Diamond from a “hold” rating to a “strong-buy” rating and set a $8.25 target price on the stock in a report on Friday. Stifel Nicolaus boosted their target price on Black Diamond from $8.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Roth Capital set a $7.00 target price on Black Diamond and gave the company a “hold” rating in a report on Wednesday, August 23rd.
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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