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

BlackBerry logo with Computer and Technology background

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.

View Our Latest Research Report on BB

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

(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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