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BlackBerry (TSE:BB) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

BlackBerry logo with Computer and Technology background

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY shares 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 trading hands.

Analysts Set New Price Targets

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

View Our Latest Analysis on BB

BlackBerry Stock Performance

The stock's 50-day simple moving average is C$5.59 and its 200 day simple moving average is C$5.83. The company has a debt-to-equity ratio of 30.90, a quick ratio of 1.49 and a current ratio of 1.37. The company has a market capitalization of C$2.41 billion, a PE ratio of -18.72, a P/E/G ratio of 0.06 and a beta of 1.07.

Insider Transactions at BlackBerry

In other BlackBerry news, Senior Officer Philip Simon Kurtz sold 16,217 shares of the firm's stock in a transaction dated 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.

About BlackBerry

(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.

Further Reading

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