Black Diamond Group (TSE:BDI) Hits New 52-Week High – Should You Buy?

Shares of Black Diamond Group Limited (TSE:BDI) reached a new 52-week high during trading on Monday . The company traded as high as C$18.70 and last traded at C$18.68, with a volume of 165106 shares traded. The stock had previously closed at C$17.81.

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 note on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$19.25.

Black Diamond Group Stock Performance

The company has a market cap of C$1.31 billion, a PE ratio of 39.00 and a beta of 1.12. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. The firm’s 50 day moving average is C$16.79 and its 200-day moving average is C$15.93.

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

Insiders Place Their Bets

In other news, insider Michael Lenard Ridley sold 10,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the completion of the transaction, the insider directly owned 432,253 shares in the company, valued at approximately C$7,564,427.50. This represents a 2.26% decrease in their position. Also, Director Steve Stein sold 20,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$17.76, for a total value of C$355,200.00. Following the transaction, the director owned 609,636 shares of the company’s stock, valued at approximately C$10,827,135.36. This represents a 3.18% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 226,900 shares of company stock worth $3,756,002. 23.83% of the stock is currently owned by company insiders.

About Black Diamond Group

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.