Black Diamond Group (TSE:BDI) Reaches New 1-Year High – Still a Buy?

Black Diamond Group Limited (TSE:BDI)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$18.70 and last traded at C$18.68, with a volume of 165106 shares traded. The stock had previously closed at C$17.81.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price objective on Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$19.25.

Black Diamond Group Price Performance

The company has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 38.12 and a beta of 1.12. The company has a 50-day moving average price of C$16.67 and a 200-day moving average price of C$15.86. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$129.98 million during the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%. On average, equities research analysts expect that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Insider Activity at Black Diamond Group

In related news, Director Daryle Jonathan William Warren bought 2,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of C$16.50 per share, for a total transaction of C$33,000.00. Following the transaction, the director owned 359,928 shares of the company’s stock, valued at C$5,938,812. This represents a 0.56% increase in their ownership of the stock. Also, insider Michael Lenard Ridley sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$17.50, for a total value of C$175,000.00. Following the transaction, the insider owned 432,253 shares of the company’s stock, valued at C$7,564,427.50. The trade was a 2.26% decrease in their ownership of the stock. In the last three months, insiders sold 200,400 shares of company stock worth $3,278,967. 23.83% of the stock is owned by company insiders.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.