Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down on Disappointing Earnings

Black Diamond Group Ltd. (OTCMKTS:BDIMF)’s share price gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $13.03, but opened at $12.33. Black Diamond Group shares last traded at $12.33, with a volume of 100 shares traded.

The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). Black Diamond Group had a return on equity of 9.79% and a net margin of 7.65%.

Black Diamond Group Price Performance

The stock has a market cap of $851.08 million, a price-to-earnings ratio of 32.34 and a beta of 0.67. The company has a 50-day simple moving average of $12.03 and a two-hundred day simple moving average of $11.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.42 and a current ratio of 1.42.

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.