Black Diamond Inc (BDE) is Upgraded by DA Davidson to Buy, Raises Price Target to $ 6

Black Diamond Inc (BDE) was Upgraded by DA Davidson to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 6 from a previous price target of $4.50 . Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on Aug 8, 2016.

On the company’s financial health, Black Diamond Inc reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.06. The company had revenue of $29.10 million for the quarter, compared to analysts expectations of $28.32 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Black Diamond Inc opened for trading at $4.32 and hit $4.5 on the upside on Friday, eventually ending the session at $4.35, with a gain of 0.46% or 0.02 points. The heightened volatility saw the trading volume jump to 95,800 shares. Company has a market cap of $131 M.

In a different news, on Nov 23, 2015, Aaron Kuehne (CFO) purchased 5,186 shares at $4.58 per share price. According to the SEC, on Nov 18, 2015, Nicolas Sokolow (director) purchased 20,000 shares at $4.09 per share price.

Black Diamond Inc. is engaged in the designing manufacturing and marketing active outdoor performance equipment and apparel for climbing mountaineering backpacking skiing cycling and a range of other year-round outdoor recreation activities. The Company offers a range of products including: performance 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. It also offers design helmets body armor and goggles for skiing mountain and road cycling as well as eyewear skis ski poles ski bindings ski boots ski skins and ski safety products including avalanche transceivers shovels and probes. The company’s principal brands include Black Diamond POC and PIEPS.

Black Diamond Inc

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