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

Key Points

• Black Diamond Group's stock gapped down from $10.34 to $9.94 before trading at $9.84, indicating possible investor concerns.
• BMO Capital Markets has restated an "outperform" rating on the stock, contributing to a consensus rating of "Buy" among analysts.
• The company reported earnings of $0.11 per share for the last quarter, exceeding estimates, but revenues fell short of expectations at $77.42 million against a $97.55 million forecast.

Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $10.34, but opened at $9.94. Black Diamond Group shares last traded at $9.84, with a volume of 200 shares.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets restated an "outperform" rating on shares of Black Diamond Group in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".

Black Diamond Group Price Performance

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 company's fifty day moving average is $8.75 and its two-hundred day moving average is $7.34. The stock has a market cap of $658.10 million, a price-to-earnings ratio of 26.59 and a beta of 0.65.

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

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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