BlackBerry (TSE:BB) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• BlackBerry's stock has recently crossed above its 200-day moving average, trading at C$5.81 with a peak of C$5.87.
• The company holds a market cap of C$3.45 billion, with a P/E ratio of -96.83 and notable financial ratios indicating liquidity and indebtedness.
• Insider trading occurred as a senior officer sold over 16,000 shares, which may impact investor confidence given that only 1.70% of stock is held by insiders.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.39 and traded as high as C$5.87. BlackBerry shares last traded at C$5.81, with a volume of 7,802,274 shares.

BlackBerry Stock Performance

The company has a debt-to-equity ratio of 30.90, a quick ratio of 1.49 and a current ratio of 1.37. The company has a market capitalization of C$3.63 billion, a price-to-earnings ratio of -101.83, a P/E/G ratio of 0.06 and a beta of 0.94. The firm has a 50-day simple moving average of C$5.28 and a two-hundred day simple moving average of C$5.37.

About BlackBerry

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.