Black Diamond Group (TSE:BDI) Sets New 1-Year High – Here’s Why

Black Diamond Group Limited (TSE:BDI) shares hit a new 52-week high during trading on Friday. The stock traded as high as C$23.14 and last traded at C$22.13, with a volume of 147,358 shares trading hands. The stock had previously closed at C$19.66.

Black Diamond Group Stock Performance

The company has a current ratio of 1.57, a quick ratio of 1.05 and a debt-to-equity ratio of 100.26. The firm has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 62.54 and a beta of 1.13. The stock’s 50-day moving average is C$18.70 and its 200-day moving average is C$17.83.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, October 29th. The company reported C$0.19 EPS for the quarter. Black Diamond Group had a return on equity of 5.89% and a net margin of 4.60%. The firm had revenue of C$159.88 million during the quarter. On average, analysts predict that Black Diamond Group Limited will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Black Diamond Group

In other news, Director Elizabeth Kernaghan sold 259,700 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of C$20.76, for a total value of C$5,391,372.00. Following the completion of the transaction, the director directly owned 6,242,200 shares in the company, valued at approximately C$129,588,072. This represents a 3.99% decrease in their position. Also, Director Daryle Jonathan William Warren purchased 2,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average price of C$18.06 per share, with a total value of C$36,120.00. Following the completion of the acquisition, the director directly owned 365,928 shares in the company, valued at C$6,608,659.68. The trade was a 0.55% increase in their ownership of the stock. Over the last ninety days, insiders sold 549,400 shares of company stock valued at $11,392,910. Company insiders own 23.83% of the company’s stock.

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.