Black Diamond Group (OTCMKTS:BDIMF) Trading 12% Higher - Should You Buy?

Key Points

• Shares jumped 12% to $12.51 during mid-day trading, but the move occurred on very thin volume (just 100 shares, about a 97% decline from the average session volume), suggesting the spike may not reflect broad market interest.
• Black Diamond missed expectations in its most recent quarter, reporting EPS of $0.08 vs. $0.12 expected and revenue of $104.86M vs. $114.37M expected, with a net margin of 7.65% and ROE of 9.79%.
• The company is a cloud-based wealth-management SaaS provider (Black Diamond Wealth Platform) with a market cap of $859.69M and a P/E of 32.92; its liquidity ratios are current and quick at 1.42 and debt-to-equity is 0.88.

Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report)'s share price traded up 12% during mid-day trading on Thursday . The company traded as high as $12.51 and last traded at $12.51. 100 shares were traded during mid-day trading, a decline of 97% from the average session volume of 3,367 shares. The stock had previously closed at $11.17.

Black Diamond Group Price Performance

The business's 50-day simple moving average is $11.86 and its two-hundred day simple moving average is $11.06. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.88. The stock has a market cap of $859.69 million, a P/E ratio of 32.92 and a beta of 0.67.

Black Diamond Group (OTCMKTS:BDIMF - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). Black Diamond Group had a net margin of 7.65% and a return on equity of 9.79%. The business had revenue of $104.86 million for the quarter, compared to analysts' expectations of $114.37 million.

About Black Diamond Group

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.

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