Black Diamond Group (TSE:BDI) Reaches New 12-Month High – Here’s Why

Black Diamond Group Limited (TSE:BDI) reached a new 52-week high during trading on Wednesday . The company traded as high as C$20.24 and last traded at C$20.10, with a volume of 586595 shares changing hands. The stock had previously closed at C$18.79.

Black Diamond Group Stock Up 6.9%

The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05. The stock has a market cap of C$1.38 billion, a price-to-earnings ratio of 40.98 and a beta of 1.08. The firm has a 50 day simple moving average of C$18.48 and a two-hundred day simple moving average of C$17.13.

Black Diamond Group (TSE:BDI) last posted its earnings results 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 return on equity of 8.46% and a net margin of 6.54%. As a group, sell-side analysts expect that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Insider Activity

In other Black Diamond Group news, 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 value of C$2,696,520.00. Following the completion of the sale, the insider 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. Also, Director Elizabeth Kernaghan sold 255,500 shares of the stock in a transaction on Friday, July 10th. The stock was 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 owned 6,584,800 shares in the company, valued at approximately C$125,440,440. This trade represents a 3.74% decrease in their ownership of the stock. In the last 90 days, insiders have sold 1,379,700 shares of company stock valued at $26,322,740. 23.83% of the stock is currently owned by company 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.