Black Diamond Group (TSE:BDI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Black Diamond Group Limited (TSE:BDI)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.80 and traded as high as C$17.09. Black Diamond Group shares last traded at C$16.94, with a volume of 67,729 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Raymond James Financial lowered Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and raised their price objective for the company from C$18.00 to C$20.00 in a research report on Tuesday, January 20th. Canaccord Genuity Group raised their price objective on Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$19.25.

Black Diamond Group Price Performance

The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05. The firm has a market cap of C$1.16 billion, a PE ratio of 34.57 and a beta of 1.12. The firm has a 50-day simple moving average of C$16.57 and a 200 day simple moving average of C$15.80.

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

Insider Activity

In other news, Director Elizabeth Kernaghan sold 146,500 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of C$16.15, for a total transaction of C$2,365,975.00. Following the completion of the transaction, the director directly owned 605,900 shares in the company, valued at C$9,785,285. This trade represents a 19.47% decrease in their ownership of the stock. Also, insider Tobias Gerald Labrie sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of C$16.00, for a total value of C$320,000.00. Following the transaction, the insider owned 530,215 shares of the company’s stock, valued at C$8,483,440. The trade was a 3.63% decrease in their ownership of the stock. Insiders sold 170,400 shares of company stock worth $2,748,767 over the last three months. 23.83% of the stock is currently owned by corporate insiders.

About Black Diamond Group

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.