Black Diamond, Inc. (NASDAQ:CLAR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “

Separately, Roth Capital set a $7.00 price target on Black Diamond and gave the stock a “hold” rating in a research report on Wednesday, August 23rd.

Shares of Black Diamond (NASDAQ CLAR) opened at 7.50 on Tuesday. Black Diamond has a one year low of $4.75 and a one year high of $7.95. The firm has a 50-day moving average of $6.83 and a 200 day moving average of $6.13. The company’s market cap is $225.09 million.

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In related news, Director Nicolas Sokolow purchased 15,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $6.44 per share, for a total transaction of $101,752.00. Following the completion of the transaction, the director now owns 65,000 shares of the company’s stock, valued at $418,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 60,425 shares of company stock worth $404,656 in the last 90 days. 46.80% of the stock is owned by company insiders.

Black Diamond Company Profile

Clarus Corporation, formerly 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.

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