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

Key Points

• BlackBerry shares crossed above their 200-day moving average, reaching C$12.80 before closing at C$12.26, compared with the C$8.86 200-day average.
• Analyst sentiment was moderately positive: Stifel Nicolaus assigned a “Buy” rating with a C$12.00 target, while the broader consensus was “Moderate Buy” with the same target.
• BlackBerry reported quarterly EPS of C$0.06 on revenue of C$210.94 million, while insiders sold 90,901 shares worth approximately $1.47 million over the prior three months.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.86 and traded as high as C$12.80. BlackBerry shares last traded at C$12.26, with a volume of 3,207,104 shares traded.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 target price on shares of BlackBerry and gave the stock a "buy" rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$12.00.

BlackBerry Stock Performance

The stock has a 50-day moving average of C$13.53 and a 200-day moving average of C$8.86. The firm has a market cap of C$7.19 billion, a price-to-earnings ratio of 122.60, a price-to-earnings-growth ratio of 0.06 and a beta of 1.17. The company has a debt-to-equity ratio of 29.45, a quick ratio of 1.49 and a current ratio of 2.20.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last released its quarterly earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$210.94 million during the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%. As a group, analysts anticipate that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In related news, insider Jennifer Mary Armstrong-Owen sold 2,556 shares of the firm's stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total value of C$39,336.84. Following the completion of the transaction, the insider owned 101,751 shares of the company's stock, valued at approximately C$1,565,947.89. This trade represents a 2.45% decrease in their ownership of the stock. Also, insider Tim Foote sold 3,066 shares of BlackBerry stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total transaction of C$47,185.74. Following the completion of the sale, the insider owned 85,493 shares in the company, valued at C$1,315,737.27. The trade was a 3.46% decrease in their ownership of the stock. In the last three months, insiders sold 90,901 shares of company stock worth $1,473,162. Company insiders own 1.70% of the company's stock.

About BlackBerry

BlackBerry NYSE: BBTSX: BB provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

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