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BlackBerry (TSE:BB) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

BlackBerry logo with Computer and Technology background

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.64 and traded as high as C$6.06. BlackBerry shares last traded at C$5.94, with a volume of 3,679,374 shares traded.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on BlackBerry

BlackBerry Trading Up 1.7 %

The stock has a market cap of C$3.57 billion, a price-to-earnings ratio of -19.48, a P/E/G ratio of 0.06 and a beta of 1.07. The business's fifty day simple moving average is C$4.40 and its 200 day simple moving average is C$3.66. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49.

Insider Activity

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

BlackBerry Company Profile

(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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