Black Diamond Group (TSE:BDI) Reaches New 12-Month High - Time to Buy?

Key Points

• Black Diamond Group's stock reached a new 52-week high of C$12.40, closing at C$12.32 with a trading volume of 57,966 shares.
• The company announced a quarterly dividend of $0.035 per share, yielding 1.1%, with a payout ratio of 26.47%.
• Black Diamond Group specializes in renting and selling modular workforce accommodations and offers services specifically for the oil and gas industries in Canada and the U.S.

Black Diamond Group Limited (TSE:BDI - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$12.40 and last traded at C$12.32, with a volume of 57966 shares. The stock had previously closed at C$12.08.

Black Diamond Group Price Performance

The business has a fifty day moving average price of C$11.76 and a 200-day moving average price of C$9.97. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46. The stock has a market capitalization of C$820.31 million, a PE ratio of 24.41 and a beta of 0.75.

Black Diamond Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.1%. Black Diamond Group's dividend payout ratio (DPR) is presently 26.47%.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals.