BlackBerry (TSE:BB) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.87 and traded as high as C$6.23. BlackBerry shares last traded at C$5.91, with a volume of 1,971,180 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BB shares. Canaccord Genuity Group raised their price objective on shares of BlackBerry from C$3.00 to C$4.75 and gave the company a “hold” rating in a research note on Tuesday, March 11th. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th.

BlackBerry Stock Performance

The stock has a 50 day moving average price of C$6.75 and a two-hundred day moving average price of C$4.87. The company has a market cap of C$2.45 billion, a P/E ratio of -19.04, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 30.90.

Insider Transactions at BlackBerry

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the business’s stock in a transaction 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. 1.70% of the stock is currently owned by insiders.

About BlackBerry

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.