Black Diamond Group (OTCMKTS:BDIMF) Shares Up 8.1% – Still a Buy?

Black Diamond Group Ltd. (OTCMKTS:BDIMF – Get Free Report) shares shot up 8.1% during mid-day trading on Friday . The company traded as high as $13.84 and last traded at $13.84. 100 shares traded hands during trading, a decline of 99% from the average session volume of 11,894 shares. The stock had previously closed at $12.8080.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of Black Diamond Group in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

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Black Diamond Group Stock Performance

The firm’s fifty day simple moving average is $13.33 and its 200 day simple moving average is $12.64. The company has a market capitalization of $945.41 million, a PE ratio of 55.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.45 and a quick ratio of 1.45.

Black Diamond Group (OTCMKTS:BDIMF – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Black Diamond Group had a return on equity of 7.31% and a net margin of 4.60%.The business had revenue of $90.71 million during the quarter, compared to analysts’ expectations of $91.57 million.

About Black Diamond Group

(Get Free Report)

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.

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