Black Diamond Group (TSE:BDI) Shares Cross Above 200-Day Moving Average - What's Next?

Black Diamond Group Limited (TSE:BDI - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BDI shares. Raymond James raised their price objective on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the company a "strong-buy" rating in a research note on Monday, August 26th. BMO Capital Markets raised their price objective on Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, August 2nd.

Black Diamond Group Price Performance

The stock has a market cap of C$526.61 million, a P/E ratio of 18.29 and a beta of 1.54. The company has a 50 day simple moving average of C$9.42 and a 200 day simple moving average of C$8.88. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.035 dividend. This is a boost from Black Diamond Group's previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 31st. This represents a $0.14 annualized dividend and a dividend yield of 1.59%. Black Diamond Group's dividend payout ratio (DPR) is presently 25.00%.

Insider Activity

In other Black Diamond Group news, Director Steve Stein sold 4,100 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$10.06, for a total transaction of C$41,246.00. Also, Senior Officer Edward John Redmond sold 80,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$9.80, for a total transaction of C$784,000.00. In the last 90 days, insiders sold 123,000 shares of company stock valued at $1,215,370. 23.83% of the stock is owned by 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.