BlackBerry (TSE:BB) Shares Up 19.9% - Time to Buy?

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's share price shot up 19.9% during trading on Wednesday . The company traded as high as C$7.32 and last traded at C$7.11. 2,948,025 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 2,445,844 shares. The stock had previously closed at C$5.93.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased 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.

BlackBerry Stock Up 14.7%

The firm's 50 day simple moving average is C$5.28 and its 200-day simple moving average is C$5.70. 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 stock has a market capitalization of C$2.81 billion, a price-to-earnings ratio of -21.91, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.

About BlackBerry

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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