Black Diamond Group (OTCMKTS:BDIMF) Shares Up 8.1% – Here’s Why

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF) were up 8.1% during trading on Friday . The stock traded as high as $13.84 and last traded at $13.84. Approximately 100 shares changed hands during trading, a decline of 99% from the average session volume of 11,894 shares. The stock had previously closed at $12.8080.

Analyst Upgrades and Downgrades

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

Black Diamond Group Trading Up 0.1%

The firm has a market capitalization of $945.41 million, a price-to-earnings ratio of 55.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50 day moving average price of $13.33 and a two-hundred day moving average price of $12.64.

Black Diamond Group (OTCMKTS:BDIMF) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $90.71 million during the quarter, compared to analyst estimates of $91.57 million. Black Diamond Group had a net margin of 4.60% and a return on equity of 7.31%.

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.