Black Diamond Group (OTCMKTS:BDIMF) Shares Gap Up - Time to Buy?

Key Points

• Black Diamond Group's shares gapped up prior to trading, opening at $8.71 compared to a previous close of $8.38, with a trading volume of 200 shares.
• Analysts, including BMO Capital Markets, have maintained an "outperform" rating on Black Diamond Group, and the stock currently holds an average rating of "Buy."
• The company reported Q2 earnings of $0.11 per share, exceeding estimates, but its revenue of $77.42 million fell short of the $97.55 million expected by analysts.

Shares of Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $8.38, but opened at $8.71. Black Diamond Group shares last traded at $8.71, with a volume of 200 shares trading hands.

Analysts Set New Price Targets

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

Black Diamond Group Stock Performance

The stock has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $6.83. The company has a market cap of $581.99 million, a P/E ratio of 23.54 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.16 and a quick ratio of 1.16.

Black Diamond Group (OTCMKTS:BDIMF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.11 earnings per share 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 return on equity of 9.85% and a net margin of 7.20%.

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.

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