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

Key Points

• Black Diamond Group shares rose 2.3%, trading as high as C$19.64 and closing near C$19.45 after crossing above the 200-day moving average of C$17.83.
• The company reported quarterly revenue of C$129.18 million and earnings of C$0.09 per share, while posting a 4.60% net margin and 5.89% return on equity.
• Insiders sold 1,028,600 shares worth approximately C$19.65 million over the past 90 days, although insiders continue to own 23.83% of the company.

Black Diamond Group Limited (TSE:BDI - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$17.83 and traded as high as C$19.64. Black Diamond Group shares last traded at C$19.45, with a volume of 190,043 shares changing hands.

Black Diamond Group Stock Up 2.3%

The firm has a fifty day moving average of C$18.13 and a 200-day moving average of C$17.83. 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$1.33 billion, a P/E ratio of 55.57 and a beta of 1.06.

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

Insider Activity

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 value of C$93,350.00. Following the completion of the sale, the director owned 82,704 shares in the company, valued at C$1,544,083.68. This trade represents a 5.70% decrease in their ownership of the stock. Also, Director Elizabeth Kernaghan sold 255,500 shares of Black Diamond Group stock in a transaction dated Friday, July 10th. The shares were 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 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 have sold a total of 1,028,600 shares of company stock valued at $19,646,662 in the last ninety days. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.