Black Diamond Group (TSE:BDI) Reaches New 12-Month High - Here's What Happened

Key Points

• Black Diamond Group shares reached a new 52-week high of C$20.54 and last traded at C$20.44, up from the previous close of C$20.20.
• The company reported quarterly revenue of C$129.18 million and earnings of C$0.09 per share; analysts expect full-year EPS of approximately C$0.535.
• Insiders sold 1.03 million shares worth about C$19.65 million over the past 90 days, including director Elizabeth Kernaghan’s sale of 255,500 shares.

Black Diamond Group Limited (TSE:BDI - Get Free Report) shares reached a new 52-week high during trading on Friday. The company traded as high as C$20.54 and last traded at C$20.44, with a volume of 13311 shares changing hands. The stock had previously closed at C$20.20.

Black Diamond Group Stock Up 0.7%

The firm has a 50-day moving average of C$18.17 and a two-hundred day moving average of C$17.96. The company has a quick ratio of 1.05, a current ratio of 1.57 and a debt-to-equity ratio of 100.26. The company has a market capitalization of C$1.39 billion, a PE ratio of 58.14 and a beta of 1.06.

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

Insiders Place Their Bets

In other Black Diamond Group news, Director Elizabeth Kernaghan sold 255,500 shares of the company's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of C$19.05, for a total value of C$4,867,275.00. Following the transaction, the director owned 6,584,800 shares of the company's stock, valued at C$125,440,440. This represents a 3.74% decrease in their ownership of the stock. Also, insider Kernwood Limited sold 255,500 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the transaction, the insider directly owned 6,584,800 shares of the company's stock, valued at approximately C$125,440,440. This trade represents a 3.74% decrease in their position. Insiders sold a total of 1,028,600 shares of company stock valued at $19,646,662 over the last 90 days. Company insiders own 23.83% of the company's stock.

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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