Black Diamond Group (TSE:BDI) Reaches New 1-Year High – Still a Buy?

Black Diamond Group Limited (TSE:BDI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$20.24 and last traded at C$20.10, with a volume of 586595 shares trading hands. The stock had previously closed at C$18.79.

Black Diamond Group Stock Up 2.5%

The company has a market capitalization of C$1.40 billion, a P/E ratio of 41.69 and a beta of 1.08. The company has a 50-day moving average of C$18.61 and a two-hundred day moving average of C$17.20. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57.

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%. On average, research analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Insider Buying and Selling

In other news, insider Michael Lenard Ridley sold 20,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$18.88, for a total value of C$377,600.00. Following the sale, the insider directly owned 402,253 shares of the company’s stock, valued at approximately C$7,594,536.64. This represents a 4.74% decrease in their ownership of the stock. Also, Director Elizabeth Kernaghan sold 255,500 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of C$19.05, for a total value of C$4,867,275.00. Following the transaction, the director owned 6,584,800 shares of the company’s stock, valued at C$125,440,440. The trade was a 3.74% decrease in their ownership of the stock. Over the last quarter, insiders have sold 1,379,700 shares of company stock worth $26,322,740. 23.83% of the stock is currently owned by corporate insiders.

Black Diamond Group Company Profile

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.