Black Diamond Group (TSE:BDI) Sets New 1-Year High at $3.60

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Black Diamond Group Limited (TSE:BDI) hit a new 52-week high on Tuesday . The stock traded as high as C$3.60 and last traded at C$3.55, with a volume of 17334 shares changing hands. The stock had previously closed at C$3.52.

BDI has been the subject of several analyst reports. Raymond James raised their price objective on Black Diamond Group from C$4.10 to C$4.50 and gave the company an “outperform” rating in a report on Monday, March 8th. Cormark raised their price objective on Black Diamond Group from C$4.25 to C$5.00 in a report on Tuesday, March 9th. Finally, BMO Capital Markets raised their price objective on Black Diamond Group from C$4.00 to C$4.25 in a report on Friday, March 5th.

The company’s 50-day simple moving average is C$3.39 and its 200-day simple moving average is C$2.50. The company has a debt-to-equity ratio of 87.60, a current ratio of 1.13 and a quick ratio of 0.99. The stock has a market capitalization of C$208.54 million and a price-to-earnings ratio of -56.83.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings data on Thursday, March 4th. The company reported C($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.05) by C$0.01. The company had revenue of C$56.30 million for the quarter, compared to analyst estimates of C$37.00 million. Research analysts expect that Black Diamond Group Limited will post 0.2 earnings per share for the current year.

Black Diamond Group Company Profile (TSE:BDI)

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, manufacturing, education, financial, and resource industries, as well as government agencies in North America.

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