Black Diamond Group (OTCMKTS:BDIMF) Shares Down 6.9% – Should You Sell?

by · The Markets Daily

Black Diamond Group Ltd. (OTCMKTS:BDIMF – Get Free Report) shares dropped 6.9% during trading on Wednesday . The company traded as low as $12.2150 and last traded at $12.2150. Approximately 500 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 13,029 shares. The stock had previously closed at $13.1260.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Black Diamond Group in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Read Our Latest Research Report on Black Diamond Group

Black Diamond Group Stock Performance

The stock has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $12.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $834.41 million, a price-to-earnings ratio of 48.86 and a beta of 0.74.

Black Diamond Group (OTCMKTS:BDIMF – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $90.71 million during the quarter, compared to analysts’ expectations of $91.57 million. Black Diamond Group had a return on equity of 7.24% and a net margin of 4.60%.

Black Diamond Group Company Profile

(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.

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