Black Diamond Group (TSE:BDI) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Black Diamond Group's stock has recently crossed above its 200-day moving average, trading as high as C$12.33 and closing at C$12.29 with a volume of 55,446 shares.
• Company insiders sold a total of 26,700 shares recently, with transactions occurring at average prices of C$9.20 to C$9.35, while they also purchased 1,644 shares valued at approximately C$17,920 in the last 90 days.
• Black Diamond Group operates in the modular space and workforce accommodation sector, providing solutions to various industries across North America.

Black Diamond Group Limited (TSE:BDI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.19 and traded as high as C$12.33. Black Diamond Group shares last traded at C$12.29, with a volume of 55,446 shares trading hands.

Black Diamond Group Stock Performance

The company's 50 day simple moving average is C$10.32 and its 200 day simple moving average is C$9.25. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17. The stock has a market cap of C$724.08 million, a PE ratio of 29.46 and a beta of 1.54.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Director Steve Stein sold 20,000 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of C$9.20, for a total value of C$184,000.00. Also, Director Trevor Haynes sold 6,700 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$9.35, for a total transaction of C$62,645.00. Over the last ninety days, insiders purchased 1,644 shares of company stock valued at $17,920. 23.83% of the stock is owned by insiders.

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.