Black Diamond (BDE) Receiving Somewhat Favorable News Coverage, Report Shows
Media stories about Black Diamond (NASDAQ:BDE) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Black Diamond earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.9681639481606 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Black Diamond (NASDAQ BDE) traded up 0.76% during midday trading on Friday, hitting $6.65. The stock had a trading volume of 225,449 shares. The stock’s 50 day moving average price is $6.73 and its 200 day moving average price is $5.95. Black Diamond has a 12 month low of $4.41 and a 12 month high of $7.15.
Black Diamond (NASDAQ:BDE) last issued its quarterly earnings results on Monday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $30.70 million for the quarter, compared to analysts’ expectations of $30.63 million. Black Diamond had a negative return on equity of 0.72% and a negative net margin of 4.51%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. On average, equities research analysts expect that Black Diamond will post $0.07 earnings per share for the current year.
Several equities research analysts have recently weighed in on BDE shares. Roth Capital set a $7.00 price target on Black Diamond and gave the company a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Black Diamond from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus upgraded Black Diamond from a “hold” rating to a “buy” rating and upped their price target for the company from $6.00 to $8.00 in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Black Diamond has an average rating of “Hold” and a consensus target price of $7.42.
Black Diamond Company Profile
Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.
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