Black Diamond Group (TSE:BDI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Black Diamond Group Limited (TSE:BDI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.89 and traded as high as C$18.84. Black Diamond Group shares last traded at C$18.79, with a volume of 57,191 shares trading hands.

Black Diamond Group Trading Up 3.9%

The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57. The firm has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 38.35 and a beta of 1.00. The business has a 50-day moving average of C$18.25 and a two-hundred day moving average of C$16.89.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%.The firm had revenue of C$129.98 million during the quarter. Research analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Insider Buying and Selling at Black Diamond Group

In related news, Director Trevor Haynes sold 10,000 shares of the company’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$18.32, for a total value of C$183,200.00. Following the completion of the transaction, the director directly owned 4,043,535 shares in the company, valued at approximately C$74,077,561.20. This represents a 0.25% decrease in their ownership of the stock. Also, Director Edward Hume Kernaghan sold 12,300 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$19.33, for a total value of C$237,759.00. Following the completion of the transaction, the director directly owned 5,100 shares of the company’s stock, valued at approximately C$98,583. This trade represents a 70.69% decrease in their ownership of the stock. Insiders sold a total of 351,100 shares of company stock valued at $6,676,078 in the last quarter. 23.83% of the stock is currently owned by corporate insiders.

About Black Diamond Group

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.