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Black Diamond Group (TSE:BDI) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Black Diamond Group logo with Industrials background

Key Points

  • Black Diamond Group's stock price has recently crossed above its two hundred-day moving average, indicating a potential bullish trend, with a current price of C$11.37 compared to the average of C$9.51.
  • The company announced a quarterly dividend of $0.035 per share, payable on October 15th, which reflects an annualized yield of 1.2%.
  • With a market capitalization of C$707.90 million, Black Diamond Group has a P/E ratio of 28.80 and a high debt-to-equity ratio of 88.46, raising concerns about its financial leverage.
  • Need better tools to track Black Diamond Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Black Diamond Group Limited (TSE:BDI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.51 and traded as high as C$11.44. Black Diamond Group shares last traded at C$11.37, with a volume of 35,340 shares changing hands.

Black Diamond Group Stock Performance

The company has a market capitalization of C$706.65 million, a PE ratio of 28.75 and a beta of 1.54. 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 firm's 50-day simple moving average is C$11.10 and its 200-day simple moving average is C$9.58.

Black Diamond Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.2%. Black Diamond Group's dividend payout ratio (DPR) is 30.40%.

About Black Diamond Group

(Get Free Report)

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.

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