Black Diamond Group (TSE:BDI) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Black Diamond Group Limited (TSE:BDI)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$17.83 and traded as high as C$19.64. Black Diamond Group shares last traded at C$19.45, with a volume of 190,043 shares trading hands.

Black Diamond Group Trading Up 2.3%

The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of 55.57 and a beta of 1.06. The company has a debt-to-equity ratio of 100.26, a quick ratio of 1.05 and a current ratio of 1.57. The company has a 50 day moving average price of C$18.13 and a 200 day moving average price of C$17.83.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$129.18 million during the quarter. Black Diamond Group had a return on equity of 5.89% and a net margin of 4.60%. On average, research analysts expect that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Insider Activity at Black Diamond Group

In related news, Director Daryle Jonathan William Warren acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of C$18.06 per share, for a total transaction of C$36,120.00. Following the acquisition, the director owned 365,928 shares in the company, valued at C$6,608,659.68. The trade was a 0.55% increase in their position. Also, insider Kernwood Limited sold 255,500 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the completion of the transaction, the insider owned 6,584,800 shares in the company, valued at approximately C$125,440,440. This represents a 3.74% decrease in their ownership of the stock. In the last three months, insiders sold 1,028,600 shares of company stock worth $19,646,662. 23.83% of the stock is owned by corporate insiders.

About Black Diamond Group

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.