Black Diamond Group (OTCMKTS:BDIMF) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Black Diamond Group experienced a significant surge in trading volume, with approximately 5,000 shares traded, representing a 305% increase from the previous session.
• The stock is rated as a Buy with an "outperform" rating from BMO Capital Markets, indicating strong growth expectations for the company.
• In its latest earnings report, Black Diamond Group surpassed analysts' expectations by reporting $0.11 earnings per share, alongside a revenue of $77.42 million.

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report) saw unusually-high trading volume on Friday . Approximately 5,000 shares changed hands during trading, an increase of 305% from the previous session's volume of 1,236 shares.The stock last traded at $10.75 and had previously closed at $10.31.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an "outperform" rating on shares of Black Diamond Group in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Black Diamond Group Trading Up 0.8%

The company has a market capitalization of $718.58 million, a PE ratio of 29.04 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average of $9.34 and a two-hundred day moving average of $7.90.

Black Diamond Group (OTCMKTS:BDIMF - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The company had revenue of $77.42 million for the quarter, compared to analysts' expectations of $97.55 million. Black Diamond Group had a return on equity of 9.85% and a net margin of 7.20%.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.

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