BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's stock price was down 6.9% during mid-day trading on Wednesday . The company traded as low as C$5.81 and last traded at C$5.83. Approximately 1,257,589 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 2,511,268 shares. The stock had previously closed at C$6.26.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group upped their target price 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.
View Our Latest Report on BB
BlackBerry Trading Down 0.5%
The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 30.90. The firm has a 50-day moving average of C$5.55 and a 200 day moving average of C$5.80. The company has a market cap of C$2.41 billion, a P/E ratio of -18.72, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.
Insider Activity at BlackBerry
In other BlackBerry news, Senior Officer Philip Simon Kurtz sold 16,217 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$7.20, for a total value of C$116,762.40. 1.70% of the stock is currently owned by insiders.
About BlackBerry
(
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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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