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Black Diamond Group (TSE:BDI) Shares Cross Above Two Hundred Day Moving Average - Here's Why

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Black Diamond Group Limited (TSE:BDI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.10 and traded as high as C$9.20. Black Diamond Group shares last traded at C$9.01, with a volume of 28,789 shares.

Analyst Ratings Changes

Separately, Cormark raised shares of Black Diamond Group to a "moderate buy" rating in a research report on Wednesday, December 18th.

Read Our Latest Analysis on BDI

Black Diamond Group Trading Down 0.2 %

The stock has a market capitalization of C$564.70 million, a price-to-earnings ratio of 22.97 and a beta of 1.54. The business has a 50-day moving average of C$8.75 and a 200-day moving average of C$9.08. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 3,540 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$8.35, for a total transaction of C$29,559.00. Also, Senior Officer Edward John Redmond sold 23,038 shares of Black Diamond Group stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$9.21, for a total value of C$212,239.88. Insiders sold a total of 28,936 shares of company stock worth $260,899 in the last 90 days. 23.83% of the stock is owned by insiders.

Black Diamond Group Company Profile

(Get Free Report)

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.

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