Black Diamond Group (TSE:BDI) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Black Diamond Group shares moved above their 200-day moving average, reaching C$18.10 before closing at C$17.89, compared with the 200-day average of C$17.76.
• The company reported quarterly EPS of C$0.09 on revenue of C$129.18 million, with a 4.60% net margin and 5.89% return on equity. Analysts expect approximately C$0.535 in full-year EPS.
• Insiders have been selling shares: directors sold 1,048,600 shares worth about C$20.0 million during the last quarter, while 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 Thursday . The stock has a two hundred day moving average of C$17.76 and traded as high as C$18.10. Black Diamond Group shares last traded at C$17.89, with a volume of 146,849 shares trading hands.

Black Diamond Group Price Performance

The company has a market cap of C$1.22 billion, a PE ratio of 51.11 and a beta of 1.06. The business's 50 day moving average price is C$18.23 and its 200-day moving average price is C$17.76. The company has a quick ratio of 1.05, a current ratio of 1.57 and a debt-to-equity ratio of 100.26.

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

Insider Transactions at Black Diamond Group

In other Black Diamond Group news, Director Steve Stein sold 5,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$18.67, for a total transaction of C$93,350.00. Following the sale, the director directly owned 82,704 shares of the company's stock, valued at approximately C$1,544,083.68. This represents a 5.70% decrease in their ownership of the stock. Also, Director Elizabeth Kernaghan sold 255,500 shares of the firm's 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 completion of the transaction, the director owned 6,584,800 shares in the company, valued at approximately C$125,440,440. The trade was a 3.74% decrease in their ownership of the stock. In the last quarter, insiders sold 1,048,600 shares of company stock valued at $20,024,262. 23.83% of the stock is currently owned by 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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