Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – Here’s Why

Black Diamond Group Ltd. (OTCMKTS:BDIMFGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $13.48, but opened at $11.61. Black Diamond Group shares last traded at $11.61, with a volume of 100 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Black Diamond Group in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Black Diamond Group currently has an average rating of “Buy”.

Check Out Our Latest Stock Report on BDIMF

Black Diamond Group Price Performance

The company has a market capitalization of $837.40 million, a price-to-earnings ratio of 34.50 and a beta of 0.73. The company has a 50-day moving average price of $13.51 and a 200-day moving average price of $12.56. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.45 and a current ratio of 1.45.

Black Diamond Group (OTCMKTS:BDIMFGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $90.71 million for the quarter, compared to the consensus estimate of $91.57 million. Black Diamond Group had a net margin of 6.53% and a return on equity of 8.38%.

Black Diamond Group Company Profile

(Get Free Report)

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.

Further Reading

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