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

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.

Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report) shares saw strong trading volume on Monday . 2,400 shares traded hands during 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.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an "outperform" rating on shares of Black Diamond Group in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Black Diamond Group Stock Performance

The company has a market capitalization of $687.53 million, a price-to-earnings ratio of 27.78 and a beta of 0.65. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $8.57 and a two-hundred day moving average price of $7.21.

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

Black Diamond Group Company Profile

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.