Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – Should You Sell?

Black Diamond Group Ltd. (OTCMKTS:BDIMF) gapped down prior to trading on Monday . The stock had previously closed at $13.1260, but opened at $12.36. Black Diamond Group shares last traded at $12.36, with a volume of 261 shares.

Wall Street Analysts Forecast Growth

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

Black Diamond Group Trading Down 4.9%

The company’s 50-day moving average price is $13.26 and its 200-day moving average price is $12.75. The firm has a market cap of $852.51 million, a price-to-earnings ratio of 49.92 and a beta of 0.74. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.92.

Black Diamond Group (OTCMKTS:BDIMF) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Black Diamond Group had a net margin of 4.60% and a return on equity of 7.24%. The firm had revenue of $90.71 million during the quarter, compared to the consensus estimate of $91.57 million.

About Black Diamond Group

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.