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

BlackBerry logo with Computer and Technology background

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.31 and traded as high as C$5.52. BlackBerry shares last traded at C$5.51, with a volume of 1,682,895 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price target on BlackBerry from C$3.00 to C$4.75 and gave the stock a "hold" rating in a research report on Tuesday, March 11th.

Read Our Latest Report on BB

BlackBerry Trading Up 1.7%

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 market capitalization of C$2.28 billion, a P/E ratio of -17.75, a P/E/G ratio of 0.06 and a beta of 1.07. The firm has a 50-day moving average of C$5.11 and a two-hundred day moving average of C$5.31.

About BlackBerry

(Get Free Report)

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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