Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Up – Time to Buy?

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF) gapped up before the market opened on Wednesday . The stock had previously closed at $13.27, but opened at $14.35. Black Diamond Group shares last traded at $14.35, with a volume of 450 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Black Diamond Group in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Black Diamond Group has a consensus rating of “Buy”.

Black Diamond Group Price Performance

The business’s 50 day simple moving average is $13.18 and its 200-day simple moving average is $12.33. The stock has a market capitalization of $995.17 million, a price-to-earnings ratio of 41.00 and a beta of 0.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.42 and a current ratio of 1.42.

Black Diamond Group (OTCMKTS:BDIMF) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $93.46 million during the quarter, compared to the consensus estimate of $88.74 million. Black Diamond Group had a return on equity of 8.65% and a net margin of 6.53%.

About Black Diamond Group

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.