Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – Should You Sell?

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF) gapped down prior to trading on Monday . The stock had previously closed at $13.1260, but opened at $12.36. Black Diamond Group shares last traded at $12.36, with a volume of 261 shares trading hands.

Wall Street Analysts Forecast Growth

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

Black Diamond Group Stock Performance

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. The stock’s fifty day simple moving average is $13.26 and its 200 day simple moving average is $12.75. The company has a market cap of $852.51 million, a price-to-earnings ratio of 49.92 and a beta of 0.74.

Black Diamond Group (OTCMKTS:BDIMF) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $90.71 million during the quarter, compared to analyst estimates of $91.57 million. Black Diamond Group had a return on equity of 7.24% and a net margin of 4.60%.

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.