Black Diamond Group (BDI) Trading -2.1% Higher

Black Diamond Group Ltd (TSE:BDI)’s share price traded up 2.1% on Monday . The company traded as high as C$2.84 and last traded at C$2.81. 69,175 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 218,807 shares. The stock had previously closed at C$2.87.

A number of equities analysts have recently weighed in on the company. Clarus Securities downgraded Black Diamond Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. National Bank Financial cut their target price on Black Diamond Group from C$2.40 to C$2.30 and set a “sector perform” rating on the stock in a research note on Monday, December 11th. Royal Bank of Canada cut their target price on Black Diamond Group from C$3.50 to C$2.50 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. Scotiabank cut their target price on Black Diamond Group from C$2.25 to C$2.00 and set an “underperform” rating on the stock in a research note on Thursday, November 9th. Finally, Raymond James Financial cut their target price on Black Diamond Group from C$2.80 to C$2.45 and set an “outperform” rating on the stock in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$2.86.

The stock has a market capitalization of $163.45, a price-to-earnings ratio of -2.27 and a beta of 2.17.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Tuesday, November 7th. The company reported C($0.06) EPS for the quarter, topping analysts’ consensus estimates of C($0.08) by C$0.02. Black Diamond Group had a negative net margin of 9.09% and a negative return on equity of 4.35%.

In related news, insider Edward James Kernaghan purchased 115,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of C$2.11 per share, with a total value of C$242,650.00. Insiders purchased a total of 462,800 shares of company stock worth $1,001,620 in the last ninety days.

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About Black Diamond Group

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

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