Black Diamond Group (OTCMKTS:BDIMF) Sets New 52-Week High – Still a Buy?

Black Diamond Group Ltd. (OTCMKTS:BDIMFGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.00 and last traded at $11.00, with a volume of 200 shares. The stock had previously closed at $10.2460.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Black Diamond Group in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Black Diamond Group has a consensus rating of “Buy”.

Get Our Latest Report on BDIMF

Black Diamond Group Stock Up 7.4%

The stock has a market capitalization of $752.84 million, a P/E ratio of 26.83 and a beta of 0.76. The stock has a 50 day moving average price of $10.16 and a 200-day moving average price of $9.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.35.

Black Diamond Group (OTCMKTS:BDIMFGet Free Report) last issued its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $75.61 million during the quarter, compared to analysts’ expectations of $109.40 million. Black Diamond Group had a return on equity of 10.76% and a net margin of 8.23%.

About Black Diamond Group

(Get Free Report)

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.

Further Reading

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