BlackBerry (TSE:BB) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.46 and traded as high as C$6.55. BlackBerry shares last traded at C$6.54, with a volume of 2,172,497 shares traded.

Analyst Ratings Changes

Separately, TD Securities upgraded shares of BlackBerry to a “hold” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$4.75.

BlackBerry Price Performance

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 stock’s fifty day simple moving average is C$5.80 and its 200-day simple moving average is C$5.46. The company has a market capitalization of C$3.86 billion, a P/E ratio of 112.12, a PEG ratio of 0.06 and a beta of 0.98.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings results on Thursday, September 25th. The company reported C$0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 17.21%. On average, equities analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

BlackBerry Company Profile

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.