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

BlackBerry logo with Computer and Technology background

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.20 and traded as high as C$5.47. BlackBerry shares last traded at C$5.29, with a volume of 2,129,410 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price objective on BlackBerry from C$3.00 to C$4.75 and gave the company a "hold" rating in a research report on Tuesday, March 11th.

Check Out Our Latest Stock Report on BB

BlackBerry Trading Up 0.4 %

The stock's 50-day moving average price is C$5.22 and its 200 day moving average price is C$5.20. The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49. The firm has a market capitalization of C$2.19 billion, a PE ratio of -17.04, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.

BlackBerry Company Profile

(Get Free Report)

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.

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