Black Diamond Group (OTCMKTS:BDIMF) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF) saw an uptick in trading volume on Friday . 4,210 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 3,567 shares.The stock last traded at $10.77 and had previously closed at $10.8125.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Black Diamond Group in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Black Diamond Group presently has an average rating of “Buy”.

Black Diamond Group Trading Down 0.4%

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $737.10 million, a P/E ratio of 26.27 and a beta of 0.64. The firm has a fifty day moving average price of $10.24 and a 200-day moving average price of $9.23.

Black Diamond Group (OTCMKTS:BDIMF) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $75.61 million during the quarter, compared to analyst estimates of $109.40 million. Black Diamond Group had a return on equity of 10.76% and a net margin of 8.23%.

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.