BlackBerry (TSE:BB) Shares Pass Above 200 Day Moving Average - Should You Sell?

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.83 and traded as high as C$5.92. BlackBerry shares last traded at C$5.90, with a volume of 2,448,114 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price objective on shares of BlackBerry from C$3.00 to C$4.75 and gave the stock a "hold" rating in a research note on Tuesday, March 11th.

BlackBerry Stock Performance

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's 50 day moving average price is C$5.57 and its 200-day moving average price is C$5.83. The firm has a market cap of C$2.40 billion, a price-to-earnings ratio of -18.65, a P/E/G ratio of 0.06 and a beta of 1.07.

Insiders Place Their Bets

In other BlackBerry news, Senior Officer Philip Simon Kurtz sold 16,217 shares of BlackBerry stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$7.20, for a total transaction of C$116,762.40. 1.70% of the stock is owned by corporate insiders.

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.