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BlackBerry (TSE:BB) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

BlackBerry logo with Computer and Technology background

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.77 and traded as high as C$6.00. BlackBerry shares last traded at C$5.98, with a volume of 2,080,507 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded BlackBerry from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 20th.

View Our Latest Analysis on BlackBerry

BlackBerry Stock Performance

The firm has a market cap of C$3.53 billion, a P/E ratio of -19.29, a P/E/G ratio of 0.06 and a beta of 1.07. The company has a debt-to-equity ratio of 34.15, a quick ratio of 1.49 and a current ratio of 1.44. The business's 50-day simple moving average is C$4.77 and its 200 day simple moving average is C$3.79.

Insider Transactions at BlackBerry

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$5.76, for a total transaction of C$33,045.12. Corporate insiders own 1.70% of the company's stock.

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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