Black Diamond Group (TSE:BDI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Black Diamond Group Limited (TSE:BDI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.40 and traded as high as C$19.33. Black Diamond Group shares last traded at C$19.12, with a volume of 99,188 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$19.25.

Black Diamond Group Trading Down 0.5%

The business’s 50-day moving average price is C$17.70 and its 200 day moving average price is C$16.40. The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 39.02 and a beta of 1.00.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$129.98 million for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. On average, equities analysts forecast that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert Wagemakers sold 1,500 shares of Black Diamond Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$19.09, for a total value of C$28,635.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at approximately C$190,900. The trade was a 13.04% decrease in their ownership of the stock. Also, insider Edward John Redmond sold 138,000 shares of Black Diamond Group stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$19.54, for a total transaction of C$2,696,520.00. Following the completion of the sale, the insider owned 182,420 shares of the company’s stock, valued at approximately C$3,564,486.80. This trade represents a 43.07% decrease in their position. In the last quarter, insiders have sold 481,500 shares of company stock valued at $8,727,245. 23.83% of the stock is owned by insiders.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.