Black Diamond Group (TSE:BDI) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Black Diamond Group shares crossed above their 200-day moving average of C$17.70, reaching C$18.79 before closing at C$18.18; the stock was down 2.2% during the session.
• 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 full-year EPS of approximately C$0.535.
• Insiders have been selling shares: company insiders sold 1,219,900 shares worth about $23.4 million over the past three months, while insiders retain 23.83% ownership.

Shares of Black Diamond Group Limited (TSE:BDI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.70 and traded as high as C$18.79. Black Diamond Group shares last traded at C$18.18, with a volume of 169,999 shares changing hands.

Black Diamond Group Trading Down 2.2%

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 firm has a market cap of C$1.24 billion, a P/E ratio of 51.94 and a beta of 1.08. The firm's 50-day simple moving average is C$18.70 and its 200 day simple moving average is C$17.70.

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

Insider Buying and Selling

In related news, Director Edward Hume Kernaghan sold 12,300 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$19.33, for a total value of C$237,759.00. Following the transaction, the director owned 5,100 shares of the company's stock, valued at C$98,583. This represents a 70.69% decrease in their ownership of the stock. Also, insider Michael Lenard Ridley sold 20,000 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$18.88, for a total value of C$377,600.00. Following the sale, the insider owned 402,253 shares in the company, valued at C$7,594,536.64. The trade was a 4.74% decrease in their position. Insiders sold 1,219,900 shares of company stock valued at $23,366,234 in the last three months. 23.83% of the stock is owned by corporate insiders.

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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