Black Diamond Group (OTCMKTS:BDIMF) Issues Earnings Results

Black Diamond Group (OTCMKTS:BDIMF) released its quarterly earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04), Zacks reports. The business had revenue of $104.86 million during the quarter, compared to analysts’ expectations of $114.37 million. Black Diamond Group had a net margin of 7.65% and a return on equity of 10.20%.

Black Diamond Group Price Performance

BDIMF stock opened at $12.60 on Friday. The firm has a market cap of $865.87 million, a P/E ratio of 33.16 and a beta of 0.64. The firm’s fifty day moving average is $11.76 and its 200 day moving average is $10.38. Black Diamond Group has a 52 week low of $5.46 and a 52 week high of $13.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.35 and a current ratio of 1.35.

Analysts Set New Price Targets

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

Black Diamond Group Company Profile

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.