Black Diamond Group (TSE:BDI) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Black Diamond Group shares rose above their 200-day moving average of C$17.60, reaching C$19.43 before closing at C$19.20. The stock was down 0.3% in the session, with 238,246 shares traded.
• The company reported quarterly revenue of C$129.18 million and earnings of C$0.09 per share, while posting a 4.60% net margin and 5.89% return on equity.
• Insiders have been net sellers, disposing of 1.38 million shares worth approximately C$26.3 million over the past quarter; insiders still own 23.83% of the company.

Black Diamond Group Limited (TSE:BDI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.60 and traded as high as C$19.43. Black Diamond Group shares last traded at C$19.20, with a volume of 238,246 shares.

Black Diamond Group Trading Down 0.3%

The company has a debt-to-equity ratio of 100.26, a current ratio of 1.57 and a quick ratio of 1.05. The business's 50-day moving average price is C$18.75 and its two-hundred day moving average price is C$17.60. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 54.86 and a beta of 1.08.

Black Diamond Group (TSE:BDI - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.09 earnings per share (EPS) for the quarter. Black Diamond Group had a return on equity of 5.89% and a net margin of 4.60%.The business had revenue of C$129.18 million for the quarter. Research analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Insider Buying and Selling at Black Diamond Group

In other Black Diamond Group news, insider Michael Lenard Ridley sold 20,000 shares of the company's stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$18.88, for a total transaction of C$377,600.00. Following the completion of the sale, the insider directly owned 402,253 shares in the company, valued at C$7,594,536.64. This represents a 4.74% decrease in their ownership of the stock. Also, Director Steve Stein sold 20,000 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$17.76, for a total value of C$355,200.00. Following the sale, the director owned 609,636 shares of the company's stock, valued at approximately C$10,827,135.36. This represents a 3.18% decrease in their ownership of the stock. Over the last quarter, insiders sold 1,379,700 shares of company stock valued at $26,322,740. 23.83% of the stock is currently owned by insiders.

Black Diamond Group Company Profile

Black Diamond is an industrial services and asset management company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands - BOXX Modular, CLM and Schiavi - owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.

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