Black Diamond Group (TSE:BDI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Black Diamond Group Limited (TSE:BDI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.43 and traded as high as C$14.35. Black Diamond Group shares last traded at C$14.19, with a volume of 83,922 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BDI shares. BMO Capital Markets boosted their price target on Black Diamond Group from C$15.00 to C$17.00 in a research note on Tuesday, September 23rd. Canaccord Genuity Group lifted their price objective on Black Diamond Group from C$13.50 to C$17.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Acumen Capital upped their target price on shares of Black Diamond Group from C$14.50 to C$17.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$17.00.

Black Diamond Group Trading Up 1.5%

The business has a 50 day simple moving average of C$14.22 and a 200 day simple moving average of C$12.47. The company has a debt-to-equity ratio of 88.46, a current ratio of 1.17 and a quick ratio of 1.05. The company has a market cap of C$969.45 million, a price-to-earnings ratio of 24.83 and a beta of 0.71.

Black Diamond Group (TSE:BDI) last announced its earnings results on Thursday, October 30th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$105.32 million during the quarter. Black Diamond Group had a return on equity of 8.11% and a net margin of 6.46%. As a group, equities analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Insider Buying and Selling at Black Diamond Group

In related news, Director Robert Wagemakers sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of C$14.10, for a total value of C$282,000.00. Following the completion of the sale, the director owned 543,580 shares of the company’s stock, valued at C$7,664,478. This trade represents a 3.55% decrease in their ownership of the stock. Corporate insiders own 23.83% of the company’s stock.

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.