Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – Here’s What Happened

Black Diamond Group Ltd. (OTCMKTS:BDIMF) gapped down prior to trading on Wednesday . The stock had previously closed at $13.22, but opened at $10.78. Black Diamond Group shares last traded at $10.78, with a volume of 213 shares traded.

Wall Street Analyst Weigh In

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

Black Diamond Group Stock Down 18.0%

The stock has a market cap of $747.59 million, a price-to-earnings ratio of 30.80 and a beta of 0.70. The business has a fifty day moving average of $13.13 and a 200 day moving average of $12.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.42 and a quick ratio of 1.42.

Black Diamond Group (OTCMKTS:BDIMF) last posted its earnings results on Thursday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $93.46 million during the quarter, compared to analyst estimates of $88.74 million. Black Diamond Group had a net margin of 6.53% and a return on equity of 8.65%.

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.