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

Black Diamond Group Limited (TSE:BDI)’s share price passed 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 changing hands.

Analyst Ratings Changes

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

Black Diamond Group Stock Performance

The company has a 50-day moving average of C$8.75 and a 200-day moving average of C$9.10. The firm has a market capitalization of C$560.96 million, a P/E ratio of 22.82 and a beta of 1.54. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46.

Insider Transactions at Black Diamond Group

In related news, Senior Officer Tobias Gerald Labrie sold 3,540 shares of Black Diamond Group stock in a transaction on Wednesday, March 12th. The shares were 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 the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$9.21, for a total transaction of C$212,239.88. Insiders sold 28,936 shares of company stock worth $260,899 over the last ninety days. 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.