Black Diamond Group Ltd (TSE:BDI) hit a new 52-week low on Friday after BMO Capital Markets lowered their price target on the stock from C$3.00 to C$2.00. The company traded as low as C$1.57 and last traded at C$1.60, with a volume of 70215 shares trading hands. The stock had previously closed at C$1.70.
A number of other equities research analysts have also recently weighed in on the company. GMP Securities reaffirmed a “hold” rating and issued a C$2.75 price objective on shares of Black Diamond Group in a research note on Thursday, May 2nd. CIBC lifted their price objective on Black Diamond Group from C$2.25 to C$2.50 in a research note on Monday, May 6th. Finally, Raymond James reaffirmed an “outperform” rating and issued a C$3.00 price objective on shares of Black Diamond Group in a research note on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Black Diamond Group has an average rating of “Hold” and an average price target of C$3.13.
The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 50.75. The firm’s 50 day simple moving average is C$1.94. The stock has a market capitalization of $90.35 million and a price-to-earnings ratio of -7.24.
Black Diamond Group Limited rents and sells workspace and modular 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 construction, real estate development, manufacturing, education, financial, and resource industries, as well as government agencies in North America.
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