Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down – Here’s Why

Black Diamond Group Ltd. (OTCMKTS:BDIMF – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $13.57, but opened at $13.1060. Black Diamond Group shares last traded at $13.1060, with a volume of 263 shares changing hands.

Analyst Ratings Changes

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

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Black Diamond Group Price Performance

The stock has a market cap of $896.64 million, a PE ratio of 52.50 and a beta of 0.74. The stock’s fifty day moving average is $13.29 and its 200-day moving average is $12.73. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.57 and a quick ratio of 1.45.

Black Diamond Group (OTCMKTS:BDIMF – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $90.71 million for the quarter, compared to analyst estimates of $91.57 million. Black Diamond Group had a net margin of 4.60% and a return on equity of 7.24%.

About Black Diamond Group

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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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