Black Diamond Group (TSE:BDI) Shares Cross Above 200 Day Moving Average of $5.72

Black Diamond Group Limited (TSE:BDIGet Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.72 and traded as high as C$6.35. Black Diamond Group shares last traded at C$6.26, with a volume of 52,720 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BDI shares. Acumen Capital raised their price objective on Black Diamond Group from C$8.50 to C$9.75 in a report on Monday, March 6th. Raymond James raised their price objective on Black Diamond Group from C$8.00 to C$10.00 and gave the company a “strong-buy” rating in a report on Friday, March 3rd. Canaccord Genuity Group decreased their price objective on Black Diamond Group from C$8.50 to C$8.25 in a report on Monday, May 8th. Finally, BMO Capital Markets raised their price objective on Black Diamond Group from C$7.00 to C$8.50 in a report on Friday, March 3rd.

Black Diamond Group Trading Up 0.3 %

The firm has a 50-day moving average of C$6.53 and a 200-day moving average of C$5.72. The company has a debt-to-equity ratio of 91.38, a quick ratio of 1.05 and a current ratio of 1.44. The firm has a market capitalization of C$379.48 million, a P/E ratio of 14.23 and a beta of 1.55.

Black Diamond Group (TSE:BDIGet Rating) last posted its quarterly earnings results on Thursday, March 2nd. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The company had revenue of C$89.00 million during the quarter, compared to analyst estimates of C$78.45 million. On average, equities research analysts anticipate that Black Diamond Group Limited will post 0.4122647 EPS for the current fiscal year.

Black Diamond Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Friday, June 30th will be given a $0.02 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.28%. Black Diamond Group’s dividend payout ratio is currently 18.18%.

About Black Diamond Group

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Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.

Further Reading

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