BlackBerry (TSE:BB) Shares Cross Below 50-Day Moving Average - What's Next?

Key Points

• BlackBerry shares fell 8.6%, trading as low as C$11.49 and below the 50-day moving average of C$11.83; the 200-day average stood at C$9.55.
• The company reported quarterly EPS of C$0.10 and revenue of C$219.02 million, while analysts expect approximately C$0.06 EPS for the current fiscal year.
• Insiders have been selling shares: insiders sold 337,761 shares worth about $3.36 million over the past 90 days, with insider ownership at 1.70%.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$11.83 and traded as low as C$11.49. BlackBerry shares last traded at C$11.75, with a volume of 5,066,911 shares traded.

BlackBerry Trading Down 8.6%

The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. The company has a 50 day simple moving average of C$11.83 and a two-hundred day simple moving average of C$9.55. The firm has a market cap of C$6.90 billion, a PE ratio of 90.38, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. The firm had revenue of C$219.02 million for the quarter. Analysts expect that BlackBerry Limited will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In related news, insider John Joseph Giamatteo sold 99,000 shares of the firm's stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of C$8.74, for a total transaction of C$865,260.00. Following the completion of the transaction, the insider owned 542,494 shares of the company's stock, valued at C$4,741,397.56. This trade represents a 15.43% decrease in their ownership of the stock. Also, insider Jennifer Mary Armstrong-Owen sold 3,379 shares of the firm's stock in a transaction on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$39,466.72. Following the transaction, the insider directly owned 113,904 shares of the company's stock, valued at approximately C$1,330,398.72. This trade represents a 2.88% decrease in their position. In the last 90 days, insiders have sold 337,761 shares of company stock valued at $3,364,460. 1.70% of the stock is currently owned by insiders.

About BlackBerry

BlackBerry NYSE: BBTSX: BB provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

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