Black Diamond Group (TSE:BDI) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Black Diamond Group Limited (TSE:BDIGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.70 and traded as high as C$18.79. Black Diamond Group shares last traded at C$18.18, with a volume of 169,999 shares traded.

Black Diamond Group Price Performance

The firm’s 50-day moving average price is C$18.68 and its two-hundred day moving average price is C$17.71. The stock has a market cap of C$1.21 billion, a PE ratio of 50.51 and a beta of 1.08. The company has a current ratio of 1.57, a quick ratio of 1.05 and a debt-to-equity ratio of 100.26.

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

Insider Activity at Black Diamond Group

In related news, Director Elizabeth Kernaghan sold 255,500 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of C$19.05, for a total value of C$4,867,275.00. Following the completion of the transaction, the director directly owned 6,584,800 shares of the company’s stock, valued at C$125,440,440. This trade represents a 3.74% decrease in their position. Also, insider Kernwood Limited sold 255,500 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the sale, the insider directly owned 6,584,800 shares in the company, valued at C$125,440,440. This trade represents a 3.74% decrease in their ownership of the stock. In the last three months, insiders have sold 1,081,900 shares of company stock worth $20,669,714. 23.83% of the stock is owned by insiders.

About Black Diamond Group

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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.

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