Black Diamond Group (OTCMKTS:BDIMF) Trading Up 8.9% on Earnings Beat

Black Diamond Group Limited (OTCMKTS:BDIMF) shares rose 8.9% during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $6.35 and last traded at $6.35. Approximately 201 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 2,018 shares. The stock had previously closed at $5.83.

The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $71.01 million for the quarter, compared to analysts’ expectations of $83.80 million. Black Diamond Group had a return on equity of 8.00% and a net margin of 6.47%.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Black Diamond Group in a research note on Friday, March 7th.

Black Diamond Group Price Performance

The company has a market cap of $394.72 million, a P/E ratio of 21.17 and a beta of 0.63. The company’s 50-day moving average price is $5.84 and its 200-day moving average price is $6.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.17 and a quick ratio of 1.17.

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.