Key Points
- Insider selling: Black Diamond Group director Steve Stein sold 20,000 shares at C$17.76 each, totaling C$355,200, reducing his stake by 3.18%.
- Stock and financial snapshot: The shares were up 0.3% to C$17.81, near their 52-week high of C$18.75. The company reported Q1 earnings of C$0.04 per share on revenue of C$129.98 million.
- Analyst sentiment remains bullish: Canaccord Genuity raised its price target to C$20.00 and kept a buy rating, while the broader consensus is also a Buy with an average target of C$19.25.
Black Diamond Group Limited (TSE:BDI - Get Free Report) insider Michael Lenard Ridley sold 10,000 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the transaction, the insider owned 432,253 shares in the company, valued at C$7,564,427.50. This represents a 2.26% decrease in their position.
Black Diamond Group Price Performance
BDI opened at C$17.81 on Friday. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 36.35 and a beta of 1.12. The company's 50-day simple moving average is C$16.67 and its two-hundred day simple moving average is C$15.85. Black Diamond Group Limited has a 52-week low of C$9.20 and a 52-week high of C$18.75.
Black Diamond Group (TSE:BDI - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$129.98 million for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. As a group, analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current year.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group raised their price objective on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Black Diamond Group has an average rating of "Buy" and a consensus price target of C$19.25.
Check Out Our Latest Report on BDI
Black Diamond Group Company Profile
(
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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.
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