Black Diamond Group (TSE:BDI) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Black Diamond Group's shares have recently surpassed their two hundred day moving average, indicating positive momentum in the stock price.
• The company declared a quarterly dividend of $0.035 per share, reflecting a 1.2% dividend yield and a payout ratio of 26.47%.
• Black Diamond Group has a current market capitalization of C$762.32 million, and a price-to-earnings ratio of 22.69.

Black Diamond Group Limited (TSE:BDI - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.62 and traded as high as C$11.79. Black Diamond Group shares last traded at C$11.57, with a volume of 14,802 shares traded.

Black Diamond Group Stock Performance

The firm has a 50 day moving average price of C$11.26 and a 200 day moving average price of C$9.67. The stock has a market cap of C$755.74 million, a PE ratio of 22.49 and a beta of 0.78. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 88.46.

Black Diamond Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.2%. Black Diamond Group's dividend payout ratio is presently 26.47%.

About Black Diamond Group

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.