Black Diamond Group (TSE:BDI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Black Diamond Group Limited (TSE:BDI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.76 and traded as high as C$18.10. Black Diamond Group shares last traded at C$17.89, with a volume of 146,849 shares traded.

Black Diamond Group Price Performance

The company has a 50-day moving average of C$18.20 and a 200 day moving average of C$17.76. The company has a debt-to-equity ratio of 100.26, a quick ratio of 1.05 and a current ratio of 1.57. The firm has a market cap of C$1.22 billion, a P/E ratio of 51.17 and a beta of 1.06.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.09 earnings per share for the quarter. The firm had revenue of C$129.18 million for the quarter. Black Diamond Group had a return on equity of 5.89% and a net margin of 4.60%. On average, sell-side analysts anticipate that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Insider Activity

In related news, insider Kernwood Limited sold 255,500 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the completion of the sale, the insider owned 6,584,800 shares in the company, valued at C$125,440,440. This trade represents a 3.74% decrease in their position. Also, Director Elizabeth Kernaghan sold 255,500 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the completion of the transaction, the director owned 6,584,800 shares in the company, valued at approximately C$125,440,440. This trade represents a 3.74% decrease in their ownership of the stock. Insiders sold a total of 1,048,600 shares of company stock worth $20,024,262 in the last quarter. 23.83% of the stock is owned by company 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.