Black Diamond Group (OTCMKTS:BDIMF) Reaches New 52-Week High – Should You Buy?

Black Diamond Group Ltd. (OTCMKTS:BDIMF) shares hit a new 52-week high during trading on Monday . The stock traded as high as $15.35 and last traded at $15.35, with a volume of 195 shares traded. The stock had previously closed at $13.70.

Wall Street Analysts Forecast Growth

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

Black Diamond Group Stock Performance

The company has a market cap of $893.92 million, a price-to-earnings ratio of 36.83 and a beta of 0.73. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $13.48 and its 200 day simple moving average is $12.54.

Black Diamond Group (OTCMKTS:BDIMF) last issued its earnings results on Thursday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $93.46 million for the quarter, compared to analyst estimates of $88.74 million. Black Diamond Group had a return on equity of 8.38% and a net margin of 6.53%.

Black Diamond Group Company Profile

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.