Black Diamond Group Ltd (TSE:BDI) shares fell 2.7% during trading on Friday . The stock traded as low as C$2.83 and last traded at C$2.87. 101,914 shares changed hands during trading, a decline of 56% from the average session volume of 230,317 shares. The stock had previously closed at C$2.95.

Several research firms have commented on BDI. Clarus Securities downgraded shares of Black Diamond Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. National Bank Financial dropped their price objective on shares of Black Diamond Group from C$2.40 to C$2.30 and set a “sector perform” rating for the company in a report on Monday, December 11th. Royal Bank of Canada dropped their price objective on shares of Black Diamond Group from C$3.50 to C$2.50 and set a “sector perform” rating for the company in a report on Friday, November 10th. Scotiabank dropped their price objective on shares of Black Diamond Group from C$2.25 to C$2.00 and set an “underperform” rating for the company in a report on Thursday, November 9th. Finally, Raymond James Financial dropped their price objective on shares of Black Diamond Group from C$2.80 to C$2.45 and set an “outperform” rating for the company in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$2.86.

The stock has a market capitalization of $155.70, a price-to-earnings ratio of -2.16 and a beta of 2.17.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings results on Tuesday, November 7th. The company reported C($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of C($0.08) by C$0.02. Black Diamond Group had a negative net margin of 9.09% and a negative return on equity of 4.35%.

In other Black Diamond Group news, insider Edward James Kernaghan purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average price of C$1.86 per share, with a total value of C$27,900.00. In the last ninety days, insiders purchased 463,500 shares of company stock valued at $1,002,915.

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Black Diamond Group Company Profile

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

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