BlackBerry (TSE:BB) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.77 and traded as high as C$6.00. BlackBerry shares last traded at C$5.98, with a volume of 2,080,507 shares traded.

Analyst Ratings Changes

Separately, TD Securities upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th.

BlackBerry Price Performance

The firm has a 50-day moving average of C$4.71 and a 200-day moving average of C$3.77. The stock has a market cap of C$3.53 billion, a PE ratio of -19.29, a PEG ratio of 0.06 and a beta of 1.07. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49.

Insiders Place Their Bets

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$5.76, for a total transaction of C$33,045.12. Corporate insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.