BlackBerry (TSE:BB) Trading Up 9.2% - Time to Buy?

Key Points

• Shares surged ~9.2% on Monday, trading as high as C$8.48 and last at C$8.04, with volume of ~3.4 million shares—about 42% above the average.
• Key financials show a market cap of C$4.48 billion, a high price-to-earnings ratio (PE) of 84.67 and a debt-to-equity ratio of 2.52, while liquidity ratios are a current ratio of 2.12 and quick ratio of 1.49.
• BlackBerry is now a software-focused company, specializing in secure enterprise endpoint protection and embedded software for regulated sectors including automotive, medical and industrial markets.

BlackBerry Limited (TSE:BB - NASDAQ: BBRY shares were up 9.2% on Monday . The company traded as high as C$8.48 and last traded at C$8.04. Approximately 3,401,299 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 2,388,105 shares. The stock had previously closed at C$7.36.

BlackBerry Stock Up 3.5%

The company has a debt-to-equity ratio of 2.52, a current ratio of 2.12 and a quick ratio of 1.49. The business's fifty day simple moving average is C$5.27 and its two-hundred day simple moving average is C$5.52. The company has a market cap of C$4.48 billion, a PE ratio of 84.67, a PEG ratio of 0.06 and a beta of 0.04.

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.

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