Black Diamond Group (TSE:BDI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Black Diamond Group Limited (TSE:BDI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.09 and traded as high as C$9.46. Black Diamond Group shares last traded at C$9.40, with a volume of 26,841 shares.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Black Diamond Group to a “moderate buy” rating in a research report on Wednesday, December 18th.

Black Diamond Group Stock Up 0.2 %

The firm has a market capitalization of C$564.35 million, a price-to-earnings ratio of 19.63 and a beta of 1.54. The business’s fifty day moving average price is C$9.08 and its 200 day moving average price is C$9.10. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84.

Black Diamond Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of 1.49%. Black Diamond Group’s payout ratio is currently 25.00%.

Insider Transactions at Black Diamond Group

In related news, Senior Officer Michael Lenard Ridley sold 9,000 shares of Black Diamond Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of C$9.42, for a total value of C$84,780.00. Also, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.40, for a total transaction of C$141,000.00. Over the last quarter, insiders sold 58,049 shares of company stock worth $545,432. Company insiders own 23.83% of the company’s stock.

About Black Diamond Group

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.