Black Diamond Group (TSE:BDI) Insider Sells C$2,696,520.00 in Stock

Black Diamond Group Limited (TSE:BDI – Get Free Report) insider Edward John Redmond sold 138,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$19.54, for a total value of C$2,696,520.00. Following the sale, the insider directly owned 182,420 shares in the company, valued at approximately C$3,564,486.80. The trade was a 43.07% decrease in their position.

Edward John Redmond also recently made the following trade(s):

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• On Tuesday, May 26th, Edward John Redmond sold 103,300 shares of Black Diamond Group stock. The shares were sold at an average price of C$18.87, for a total value of C$1,949,271.00.

Black Diamond Group Price Performance

Shares of BDI traded up C$0.15 during trading hours on Thursday, reaching C$19.86. 232,928 shares of the company traded hands, compared to its average volume of 161,731. 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 stock has a market capitalization of C$1.36 billion, a PE ratio of 40.53 and a beta of 1.12. Black Diamond Group Limited has a fifty-two week low of C$9.20 and a fifty-two week high of C$20.14. The stock has a fifty day simple moving average of C$16.94 and a 200 day simple moving average of C$16.01.

Black Diamond Group (TSE:BDI – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$129.98 million for the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%. As a group, research analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on Black Diamond Group

About Black Diamond Group

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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.

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