Black Diamond Group (OTCMKTS:BDIMF) Trading Up 6.5% - Here's Why

Key Points

• Black Diamond Group's share price rose by 6.5% on Monday, trading at $8.90, with trading volume increasing by 21% from the average.
• BMO Capital Markets has reiterated an "outperform" rating for the stock, which currently has a consensus rating of "Buy" from analysts.
• In its latest earnings report, Black Diamond Group reported a net income of $0.11 per share, surpassing analysts' expectations of $0.09.

Black Diamond Group Ltd. (OTCMKTS:BDIMF - Get Free Report)'s share price was up 6.5% during trading on Monday . The company traded as high as $8.90 and last traded at $8.90. Approximately 112 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 93 shares. The stock had previously closed at $8.36.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed 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 stock currently has an average rating of "Buy".

Black Diamond Group Stock Performance

The firm has a market capitalization of $595.23 million, a P/E ratio of 24.05 and a beta of 0.65. The stock has a fifty day simple moving average of $8.42 and a two-hundred day simple moving average of $7.09. 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 issued its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $77.42 million during the quarter, compared to the consensus estimate 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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