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

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.75 and traded as high as C$6.43. BlackBerry shares last traded at C$6.32, with a volume of 1,531,672 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BB shares. Canaccord Genuity Group boosted their price objective on BlackBerry from C$3.00 to C$4.75 and gave the company a "hold" rating in a report on Tuesday, March 11th. TD Securities upgraded shares of BlackBerry from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 20th.

BlackBerry Trading Up 2.1 %

The company's 50 day simple moving average is C$6.73 and its 200 day simple moving average is C$4.82. The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49. The firm has a market cap of C$2.63 billion, a price-to-earnings ratio of -20.49, a P/E/G ratio of 0.06 and a beta of 1.07.

Insider Buying and Selling at BlackBerry

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the company'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. 1.70% of the stock is owned by corporate insiders.

BlackBerry Company Profile

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.