Black Diamond Group (TSE:BDI) Hits New 52-Week High - Time to Buy?

Key Points

• Black Diamond Group shares surged 11.3%, reaching a new 52-week high of C$23.14 before closing at C$22.13, well above its 50-day and 200-day moving averages.
• The company reported quarterly EPS of C$0.19 on revenue of C$159.88 million, with a 4.60% net margin and 5.89% return on equity. Its valuation includes a market capitalization of C$1.48 billion and a price-to-earnings ratio of 62.54.
• Insider activity was mixed: Kernwood Limited sold 259,700 shares, while director Daryle Warren bought 2,000 shares. Insiders sold 549,400 shares worth approximately C$11.4 million during the last quarter, and corporate insiders own 23.83% of the stock.

Shares of Black Diamond Group Limited (TSE:BDI - Get Free Report) reached a new 52-week high on Friday. The company traded as high as C$23.14 and last traded at C$22.13, with a volume of 147,358 shares. The stock had previously closed at C$19.66.

Black Diamond Group Stock Up 11.3%

The stock has a 50-day simple moving average of C$18.70 and a 200-day simple moving average of C$17.83. The company has a current ratio of 1.57, a quick ratio of 1.05 and a debt-to-equity ratio of 100.26. The company has a market cap of C$1.48 billion, a price-to-earnings ratio of 62.54 and a beta of 1.13.

Black Diamond Group (TSE:BDI - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$159.88 million for the quarter. Black Diamond Group had a net margin of 4.60% and a return on equity of 5.89%. As a group, analysts predict that Black Diamond Group Limited will post 0.53 EPS for the current year.

Insider Buying and Selling

In other news, insider Kernwood Limited sold 259,700 shares of Black Diamond Group stock in a transaction on Friday, October 2nd. The stock was sold at an average price of C$20.76, for a total value of C$5,391,372.00. Following the completion of the sale, the insider directly owned 6,242,200 shares of the company's stock, valued at approximately C$129,588,072. This trade represents a 3.99% decrease in their position. Also, Director Daryle Jonathan William Warren acquired 2,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of C$18.06 per share, with a total value of C$36,120.00. Following the acquisition, the director directly owned 365,928 shares of the company's stock, valued at C$6,608,659.68. The trade was a 0.55% increase in their position. Insiders sold 549,400 shares of company stock worth $11,392,910 in the last quarter. 23.83% of the stock is owned by corporate insiders.

About Black Diamond Group

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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