Black Diamond Group (TSE:BDI) Sets New 12-Month High – Here’s What Happened

Black Diamond Group Limited (TSE:BDI)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$16.07 and last traded at C$15.86, with a volume of 207812 shares trading hands. The stock had previously closed at C$15.03.

Wall Street Analyst Weigh In

Several research analysts have commented on BDI shares. BMO Capital Markets raised their price target on shares of Black Diamond Group from C$15.00 to C$17.00 in a report on Tuesday, September 23rd. Canaccord Genuity Group increased their price objective on Black Diamond Group from C$13.50 to C$17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Acumen Capital lifted their price objective on Black Diamond Group from C$14.50 to C$17.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$17.00.

Black Diamond Group Stock Up 6.4%

The stock’s fifty day moving average price is C$14.28 and its 200 day moving average price is C$12.92. The stock has a market cap of C$1.08 billion, a P/E ratio of 27.57 and a beta of 0.85. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$0.18 earnings per share (EPS) for the quarter. Black Diamond Group had a net margin of 6.46% and a return on equity of 8.11%. The company had revenue of C$105.32 million during the quarter. As a group, research analysts forecast that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert Wagemakers sold 20,000 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of C$14.10, for a total value of C$282,000.00. Following the completion of the transaction, the director directly owned 543,580 shares in the company, valued at approximately C$7,664,478. This represents a 3.55% decrease in their position. Insiders own 23.83% of the company’s stock.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.