Black Diamond Group (TSE:BDI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Black Diamond Group Limited (TSE:BDI) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$18.34 and traded as high as C$18.82. Black Diamond Group shares last traded at C$18.70, with a volume of 141,936 shares.

Black Diamond Group Stock Down 0.6%

The company has a debt-to-equity ratio of 100.26, a current ratio of 1.57 and a quick ratio of 1.05. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 53.31 and a beta of 1.13. The firm’s 50-day simple moving average is C$18.64 and its two-hundred day simple moving average is C$18.36.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.09 earnings per share (EPS) for the quarter. The company had revenue of C$129.18 million during the quarter. Black Diamond Group had a net margin of 4.60% and a return on equity of 5.89%. Sell-side analysts predict that Black Diamond Group Limited will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kernwood Limited sold 259,700 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of C$20.76, for a total value of C$5,391,372.00. Following the completion of the transaction, the insider directly owned 6,242,200 shares of the company’s stock, valued at C$129,588,072. This trade represents a 3.99% decrease in their position. Also, Director Daryle Jonathan William Warren acquired 2,000 shares of Black Diamond Group stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of C$18.06 per share, with a total value of C$36,120.00. Following the completion of the acquisition, the director owned 365,928 shares of the company’s stock, valued at C$6,608,659.68. The trade was a 0.55% increase in their position. Insiders have sold a total of 549,400 shares of company stock worth $11,392,910 in the last quarter. Company insiders own 23.83% of the company’s stock.

Black Diamond Group Company Profile

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.