The stock of Black Diamond Inc (NASDAQ:BDE) hit a new 52-week high and has $9.77 target or 62.00% above today’s $6.03 share price. The 9 months bullish chart indicates low risk for the $192.25M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $9.77 price target is reached, the company will be worth $119.20M 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 151,049 shares traded hands or 19.21% up from the average. Black Diamond Inc (NASDAQ:BDE) has risen 31.11% since April 11, 2016 and is uptrending. It has outperformed by 24.97% 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. Black Diamond has been the topic of 6 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, March 30 by DA Davidson. The rating was downgraded by CBIC on Friday, September 11 to “Underperform”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, November 16 report. Roth Capital maintained Black Diamond Inc (NASDAQ:BDE) on Monday, March 21 with “Neutral” rating. IBC downgraded the shares of BDE in a report on Friday, September 11 to “Underperform” rating.
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 dived, 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 Ltd Liability Co holds 13,487 shares or 0% of its portfolio. Private Tru Na holds 15,791 shares or 0.02% of its portfolio. Spark Mngmt Lc holds 0.04% or 106,500 shares in its portfolio. Vanguard Gp last reported 807,005 shares in the company. The California-based Rbf Lc has invested 0.02% in Black Diamond Inc (NASDAQ:BDE). Blackrock Institutional Tru Commerce Na has 0% invested in the company for 119,415 shares. Benjamin F Edwards And Inc has 0% invested in the company for 400 shares. Moreover, Blackrock Fund Advisors has 0% invested in Black Diamond Inc (NASDAQ:BDE) for 58,178 shares. Axa accumulated 0% or 113,912 shares. Brown Advisory holds 0.02% or 1.35M shares in its portfolio. Morgan Stanley last reported 25,254 shares in the company. Neuberger Berman Grp Ltd Co accumulated 0% or 96,450 shares. Boston Prns reported 217,550 shares or 0% of all its holdings. Tfs Cap Ltd Company has invested 0.04% of its portfolio in Black Diamond Inc (NASDAQ:BDE). The New Jersey-based Jacobs Levy Equity Mgmt has invested 0.01% in Black Diamond Inc (NASDAQ:BDE).
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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