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

Black Diamond Group Limited (TSE:BDI)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$18.70 and last traded at C$18.68, with a volume of 165106 shares changing hands. The stock had previously closed at C$17.81.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$19.25.

Black Diamond Group Price Performance

The stock has a fifty day moving average of C$16.67 and a 200-day moving average of C$15.86. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57. The firm has a market capitalization of C$1.28 billion, a P/E ratio of 38.12 and a beta of 1.12.

Black Diamond Group (TSE:BDI) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share (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%. Equities analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Insider Activity

In other Black Diamond Group news, insider Michael Lenard Ridley sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the completion of the sale, the insider directly owned 432,253 shares of the company’s stock, valued at approximately C$7,564,427.50. The trade was a 2.26% decrease in their position. Also, insider Tobias Gerald Labrie sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of C$16.00, for a total value of C$320,000.00. Following the sale, the insider directly owned 530,215 shares of the company’s stock, valued at C$8,483,440. This represents a 3.63% decrease in their ownership of the stock. In the last three months, insiders sold 200,400 shares of company stock worth $3,278,967. Corporate insiders own 23.83% of the company’s stock.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.