Black Diamond Group (OTCMKTS:BDIMF) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Black Diamond Group experienced a significant increase in trading volume, rising by 120% on Monday with approximately 2,400 shares traded, closing at $9.40.
• Wall Street analysts have a consensus rating of "Buy" for Black Diamond Group, with BMO Capital Markets maintaining an "outperform" rating.
• The company reported quarterly earnings of $0.11 per share, surpassing analyst expectations of $0.09, despite revenue falling short at $77.42 million compared to estimates of $97.55 million.

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,400 shares changed hands during mid-day trading, an increase of 120% from the previous session's volume of 1,090 shares.The stock last traded at $9.40 and had previously closed at $8.99.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an "outperform" rating on shares of Black Diamond Group in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Black Diamond Group Price Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $644.72 million, a price-to-earnings ratio of 26.05 and a beta of 0.65. The business has a fifty day moving average price of $8.53 and a 200 day moving average price of $7.19.

Black Diamond Group (OTCMKTS:BDIMF - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $77.42 million for the quarter, compared to analyst estimates 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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