Notable Mover: Will Black Diamond Inc Run Out of Steam Soon?

Notable Mover: Will Black Diamond Inc Run Out of Steam Soon?

The stock of Black Diamond Inc (NASDAQ:BDE) hit a new 52-week high and has $12.76 target or 129.00% above today’s $5.57 share price. The 7 months bullish chart indicates low risk for the $176.07 million company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $12.76 price target is reached, the company will be worth $227.13M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,470 shares traded hands. Black Diamond Inc (NASDAQ:BDE) has risen 16.56% since April 4, 2016 and is uptrending. It has outperformed by 15.47% the S&P500.

Analysts await Black Diamond Inc (NASDAQ:BDE) to report earnings on November, 14.

Black Diamond Inc (NASDAQ:BDE) Ratings Coverage

Out of 5 analysts covering Black Diamond (NASDAQ:BDE), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. $7 is the highest target while $5 is the lowest. The $6 average target is 7.72% above today’s ($5.57) stock price. Black Diamond has been the topic of 6 analyst reports since September 11, 2015 according to StockzIntelligence Inc. As per Friday, September 11, the company rating was downgraded by IBC. The company was maintained on Monday, November 16 by Canaccord Genuity. CBIC downgraded Black Diamond Inc (NASDAQ:BDE) on Friday, September 11 to “Underperform” rating. The stock of Black Diamond Inc (NASDAQ:BDE) earned “Neutral” rating by Roth Capital on Monday, March 21. The stock of Black Diamond Inc (NASDAQ:BDE) has “Neutral” rating given on Wednesday, March 30 by DA Davidson.

According to Zacks Investment Research, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.35, from 1.22 in 2016Q1. The ratio turned negative, as 17 funds sold all Black Diamond Inc shares owned while 22 reduced positions. 17 funds bought stakes while 17 increased positions. They now own 11.86 million shares or 18.84% less from 14.61 million shares in 2016Q1.
Jpmorgan Chase And Co holds 249 shares or 0% of its portfolio. Blackrock Fund has 0% invested in the company for 58,178 shares. Axa has 0% invested in the company for 113,912 shares. Geode Mgmt Lc has 0% invested in the company for 145,487 shares. D E Shaw has invested 0% of its portfolio in Black Diamond Inc (NASDAQ:BDE). Lyon Street Capital Limited Liability Corp holds 0.36% or 152,532 shares in its portfolio. Moreover, Brown Advisory Incorporated has 0.02% invested in Black Diamond Inc (NASDAQ:BDE) for 1.35 million shares. Invesco Ltd accumulated 0% or 31,790 shares. Kennedy Mngmt owns 1.13M shares or 0.09% of their US portfolio. Blackrock Inv Mngmt Ltd Liability accumulated 3,562 shares or 0% of the stock. Gsa Cap Limited Liability Partnership accumulated 0.01% or 58,000 shares. Cwm Limited has 0.28% invested in the company for 928,082 shares. Oxford Asset holds 23,790 shares or 0% of its portfolio. Dimensional Fund Advisors Limited Partnership accumulated 374,621 shares or 0% of the stock. Jacobs Levy Equity last reported 61,700 shares in the company.

More news for Black Diamond Inc (NASDAQ:BDE) were recently published by: Globenewswire.com, which released: “Black Diamond, Inc. Sets Third Quarter 2016 Conference Call for Monday …” on October 21, 2016. Seekingalpha.com‘s article titled: “A Market Mispriced Opportunity? Black Diamond” and published on August 26, 2016 is yet another important article.

BDE Company Profile

Black Diamond, Inc., incorporated on November 20, 1991, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. The Company’s principal brands include Black Diamond and PIEPS. The Firm offers a range of products, including apparel, such as jackets, shells, pants and bibs; rock-climbing equipment, such as carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gear; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns, and gloves and mittens. The Firm also offers advanced skis, ski poles, ski bindings, ski skins, and ski safety products, including avalanche airbag systems, avalanche transceivers, shovels and probes. The Firm distributes its products through a network of independent specialty retailers, specialty chains, independent global distributors selling to specialty retail, and direct-to-consumer through its Website and retail store. The Company’s products are sold in North America, Europe, Asia, and the rest of the world in over 50 countries. Black Diamond Equipment products are designed for climbers, mountaineers and skiers as well as aspirational outdoor enthusiasts. PIEPS offers a focused range of avalanche safety products, including transceivers and probes, shovels, related equipment and packs.

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