Black Diamond Group (TSE:BDI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Black Diamond Group Limited (TSE:BDI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.40 and traded as high as C$19.33. Black Diamond Group shares last traded at C$19.12, with a volume of 99,188 shares traded.

Analysts Set New Price Targets

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

Black Diamond Group Trading Down 0.5%

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’s 50 day simple moving average is C$17.70 and its two-hundred day simple moving average is C$16.40. The stock has a market cap of C$1.30 billion, a P/E ratio of 39.02 and a beta of 1.00.

Black Diamond Group (TSE:BDI) last released its earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The firm had revenue of C$129.98 million during the quarter. As a group, equities research analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Insider Activity

In other Black Diamond Group news, Director Edward Hume Kernaghan sold 6,300 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$19.42, for a total transaction of C$122,346.00. Following the completion of the sale, the director owned 1,500 shares in the company, valued at C$29,130. The trade was a 80.77% decrease in their ownership of the stock. Also, insider Edward John Redmond sold 138,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$19.54, for a total transaction of C$2,696,520.00. Following the sale, the insider owned 182,420 shares of the company’s stock, valued at approximately C$3,564,486.80. The trade was a 43.07% decrease in their position. Insiders have sold 481,500 shares of company stock valued at $8,727,245 over the last quarter. 23.83% of the stock is owned by company insiders.

About Black Diamond Group

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.