Black Diamond, Inc. (BDE) was a big mover last session, as the company saw its shares rise over nearly 37% on the day. The upside came after the company announced that it will explore strategic alternative along with solid fourth-quarter 2014 results. This led to more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $6.57 to $7.61 in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Black Diamond currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same space is Malibu Boats, Inc. (MBUU) sporting a Zacks Rank #1 (Strong Buy).
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