Black Diamond Group (TSE:BDI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Black Diamond Group Limited (TSE:BDI) shares 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 traded.

Wall Street Analyst Weigh In

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

Black Diamond Group Price Performance

The business’s 50 day simple moving average is C$8.75 and its 200-day simple moving average is C$9.10. The stock has a market capitalization of C$560.96 million, a price-to-earnings ratio of 22.82 and a beta of 1.54. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 88.46.

Insider Buying and Selling

In related news, Senior Officer Tobias Gerald Labrie sold 3,540 shares of the company’s stock in a transaction 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 dated Thursday, January 9th. The shares were sold at an average price of C$9.21, for a total value of C$212,239.88. In the last 90 days, insiders have sold 28,936 shares of company stock worth $260,899. Corporate insiders own 23.83% of the company’s stock.

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.