Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Down - Should You Sell?

Key Points

• Black Diamond Group shares gapped down from a previous close of $8.85 to open at $8.31, marking a decline of 6.1% in trading.
• The company has a market cap of $554.82 million and a price-to-earnings ratio of 23.74, indicating its financial valuation in the market.
• Black Diamond Group operates in the modular space and workforce accommodation sectors, serving various industries including construction, healthcare, and government.

Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.85, but opened at $8.31. Black Diamond Group shares last traded at $8.31, with a volume of 120 shares traded.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated an "outperform" rating on shares of Black Diamond Group in a report on Friday.

Black Diamond Group Price Performance

The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $7.69 and a 200-day simple moving average of $6.68. The stock has a market cap of $580.81 million, a price-to-earnings ratio of 24.86 and a beta of 0.62.

Black Diamond Group (OTCMKTS:BDIMF - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) 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 net margin of 6.97% and a return on equity of 9.44%.

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.