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BlackBerry (TSE:BB) Stock Crosses Above 200-Day Moving Average - Here's What Happened

BlackBerry logo with Computer and Technology background

Key Points

  • BlackBerry's stock surpassed its 200-day moving average of C$5.37, reaching a high of C$6.99 during trading.
  • The company reported C$0.02 earnings per share for their latest quarter, beating expectations of C$0.01, but continues to struggle with a negative net margin of 21.16%.
  • BlackBerry has transitioned from a smartphone manufacturer to a provider of enterprise software, focusing on secure communication and endpoint management in regulated industries.
  • Five stocks we like better than BlackBerry.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.37 and traded as high as C$6.99. BlackBerry shares last traded at C$6.95, with a volume of 3,393,215 shares trading hands.

BlackBerry Price Performance

The company's 50 day moving average price is C$5.38 and its 200-day moving average price is C$5.37. The company has a market capitalization of C$4.10 billion, a PE ratio of 123.94, a PEG ratio of 0.06 and a beta of 0.94. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 30.90.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last announced its quarterly earnings data on Thursday, September 25th. The company reported C$0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.01 by C$0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 17.21%. On average, sell-side analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

BlackBerry Company Profile

(Get Free Report)

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.

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