Black Diamond Group (OTCMKTS:BDIMF) Stock Price Up 8.9% After Earnings Beat

Shares of Black Diamond Group Limited (OTCMKTS:BDIMF) shot up 8.9% during trading on Friday following a stronger than expected earnings report. The company traded as high as $6.35 and last traded at $6.35. 201 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 2,018 shares. The stock had previously closed at $5.83.

The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Black Diamond Group had a return on equity of 8.00% and a net margin of 6.47%. The business had revenue of $71.01 million for the quarter, compared to analyst estimates of $83.80 million.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of Black Diamond Group in a research note on Friday, March 7th.

Black Diamond Group Stock Performance

The company has a market capitalization of $394.72 million, a PE ratio of 21.17 and a beta of 0.63. The stock’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $6.23. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.79.

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.