Black Diamond Group (TSE:BDI) Shares Pass Above 200 Day Moving Average of $8.26

Black Diamond Group Limited (TSE:BDI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.26 and traded as high as C$8.51. Black Diamond Group shares last traded at C$8.38, with a volume of 41,172 shares changing hands.

Analyst Ratings Changes

BDI has been the subject of a number of recent analyst reports. Acumen Capital lifted their target price on Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Monday, March 4th. BMO Capital Markets lifted their target price on Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, March 1st. Finally, Canaccord Genuity Group boosted their price objective on Black Diamond Group from C$9.50 to C$11.00 and gave the stock a “buy” rating in a report on Monday, March 4th.

Black Diamond Group Price Performance

The company has a debt-to-equity ratio of 72.03, a current ratio of 1.10 and a quick ratio of 1.05. The company has a market capitalization of C$504.56 million, a PE ratio of 17.10 and a beta of 1.73. The firm has a 50-day moving average of C$9.02 and a 200 day moving average of C$8.26.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, February 29th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. The company had revenue of C$103.40 million for the quarter, compared to the consensus estimate of C$89.70 million. As a group, research analysts anticipate that Black Diamond Group Limited will post 0.4599247 earnings per share for the current fiscal year.

Black Diamond Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.43%. The ex-dividend date was Wednesday, March 27th. Black Diamond Group’s dividend payout ratio is presently 24.49%.

Insider Transactions at Black Diamond Group

In other news, Senior Officer Patrick Melanson sold 10,350 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$8.74, for a total value of C$90,459.00. In other Black Diamond Group news, Director Trevor Haynes sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$8.75, for a total transaction of C$87,520.00. Also, Senior Officer Patrick Melanson sold 10,350 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$8.74, for a total value of C$90,459.00. In the last 90 days, insiders sold 53,850 shares of company stock worth $479,979. 24.18% of the stock is currently owned by company insiders.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.