Black Diamond, Inc. (CLAR) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Black Diamond, Inc. (NASDAQ:CLAR) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “

Separately, Roth Capital set a $7.00 target price on shares of Black Diamond and gave the company a hold rating in a research note on Wednesday, August 23rd.

Black Diamond (CLAR) opened at 7.60 on Tuesday. The stock’s market capitalization is $228.09 million. The firm’s 50-day moving average is $6.83 and its 200 day moving average is $6.13. Black Diamond has a 12 month low of $4.75 and a 12 month high of $7.95.

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In other news, Director Nicolas Sokolow purchased 25,000 shares of the stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $7.10 per share, for a total transaction of $177,500.00. Following the completion of the transaction, the director now owns 65,000 shares of the company’s stock, valued at $461,500. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought 60,425 shares of company stock valued at $404,656 in the last 90 days. Insiders own 33.60% of the company’s stock.

Black Diamond Company Profile

Clarus Corporation, formerly Black Diamond, Inc, 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.

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