Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Up - Here's Why

Key Points

• Black Diamond Group shares experienced a significant gap up before trading on Monday, opening at $8.90 from a previous close of $8.36.
• Analysts have established a consensus Buy rating for the stock, reflecting optimism about the company's performance and future prospects.
• In its recent earnings report, Black Diamond Group reported earnings per share of $0.11, which exceeded analyst expectations of $0.09, despite revenue falling short at $77.42 million.

Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $8.36, but opened at $8.90. Black Diamond Group shares last traded at $8.90, with a volume of 112 shares traded.

Analysts Set New Price Targets

Separately, BMO Capital Markets restated an "outperform" rating on shares of Black Diamond Group in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy".

Black Diamond Group Trading Up 6.5%

The firm has a market capitalization of $595.23 million, a P/E ratio of 24.05 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 business has a 50-day moving average price of $8.39 and a 200-day moving average price of $7.07.

Black Diamond Group (OTCMKTS:BDIMF - Get Free Report) last released its quarterly earnings data 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 business 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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