Stock On Watch: What’s Propelling Black Diamond Inc to Increase So Much?

Stock On Watch: What's Propelling Black Diamond Inc to Increase So Much?

The stock of Black Diamond Inc (NASDAQ:BDE) is a huge mover today! About 223,215 shares traded hands or 100.65% up from the average. Black Diamond Inc (NASDAQ:BDE) has risen 21.71% since April 5, 2016 and is uptrending. It has outperformed by 19.75% the S&P500.
The move comes after 6 months positive chart setup for the $178.80M company. It was reported on Nov, 8 by Barchart.com. We have $12.59 PT which if reached, will make NASDAQ:BDE worth $209.20 million more.

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. Black Diamond has been the topic of 6 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of Black Diamond Inc (NASDAQ:BDE) earned “Buy” rating by Canaccord Genuity on Monday, November 16. CBIC downgraded the stock to “Underperform” rating in Friday, September 11 report. The stock of Black Diamond Inc (NASDAQ:BDE) earned “Neutral” rating by DA Davidson on Wednesday, March 30. The firm has “Underperform” rating given on Friday, September 11 by IBC. The rating was maintained by Roth Capital on Monday, March 21 with “Neutral”.

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.
Jane Street Grp Ltd Company holds 13,487 shares or 0% of its portfolio. Royal Bank & Trust Of Canada has invested 0% of its portfolio in Black Diamond Inc (NASDAQ:BDE). Blackrock Fund, a California-based fund reported 58,178 shares. Rbf Capital Limited Company holds 27,976 shares or 0.02% of its portfolio. Blackrock Invest Management Limited Co has 3,562 shares for 0% of their US portfolio. Thompson Siegel & Walmsley accumulated 0% or 1,800 shares. D E Shaw &, a New York-based fund reported 380,151 shares. Morgan Stanley accumulated 25,254 shares or 0% of the stock. Smith Moore & Com has 0.2% invested in the company for 117,793 shares. Gagnon accumulated 70,865 shares or 0.14% of the stock. Renaissance Technologies Limited owns 183,900 shares or 0% of their US portfolio. Cwm Limited Liability last reported 0.28% of its portfolio in the stock. Gsa Cap Partners Limited Liability Partnership last reported 58,000 shares in the company. Geode Capital holds 0% or 145,487 shares in its portfolio. Lmr Limited Liability Partnership has 21,703 shares for 0.01% of their US portfolio.

Another recent and important Black Diamond Inc (NASDAQ:BDE) news was published by Globenewswire.com which published an article titled: “Black Diamond, Inc. Sets Third Quarter 2016 Conference Call for Monday …” on October 21, 2016.

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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