Black Diamond Group (TSE:BDI) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Black Diamond Group Limited (TSE:BDI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.35 and traded as high as C$20.09. Black Diamond Group shares last traded at C$19.32, with a volume of 294,218 shares changing hands.

Black Diamond Group Price Performance

The firm has a 50-day simple moving average of C$18.83 and a 200-day simple moving average of C$17.35. The firm has a market capitalization of C$1.33 billion, a PE ratio of 39.43 and a beta of 1.08. The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05.

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

Insider Buying and Selling

In related news, Director Elizabeth Kernaghan sold 255,500 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the completion of the sale, the director directly owned 6,584,800 shares in the company, valued at approximately C$125,440,440. The trade was a 3.74% decrease in their ownership of the stock. Also, insider Edward John Redmond sold 138,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$19.54, for a total transaction of C$2,696,520.00. Following the sale, the insider directly owned 182,420 shares of the company’s stock, valued at approximately C$3,564,486.80. This represents a 43.07% decrease in their ownership of the stock. Insiders have sold a total of 1,379,700 shares of company stock valued at $26,322,740 in the last 90 days. 23.83% of the stock is owned by insiders.

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.