Black Diamond Group (TSE:BDI) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Black Diamond Group Limited (TSE:BDI)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.88 and traded as high as C$8.95. Black Diamond Group shares last traded at C$8.84, with a volume of 41,482 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BDI. Raymond James raised their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 26th. BMO Capital Markets lifted their target price on Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd.

Black Diamond Group Stock Down 0.8 %

The business has a fifty day moving average price of C$9.40 and a two-hundred day moving average price of C$8.88. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05. The firm has a market capitalization of C$522.42 million, a price-to-earnings ratio of 18.17 and a beta of 1.54.

Black Diamond Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.61%. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. Black Diamond Group’s dividend payout ratio (DPR) is 25.00%.

Insiders Place Their Bets

In related news, Senior Officer Edward John Redmond sold 80,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$9.80, for a total value of C$784,000.00. Also, Director Steve Stein sold 5,900 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$10.00, for a total value of C$59,023.60. Over the last 90 days, insiders have sold 118,900 shares of company stock worth $1,174,124. 23.83% of the stock is owned by corporate insiders.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.