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

Shares of BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.83 and traded as high as C$6.09. BlackBerry shares last traded at C$6.03, with a volume of 3,173,264 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised shares of BlackBerry to a “hold” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$4.75.

BlackBerry Trading Down 14.1%

The company has a market cap of C$3.06 billion, a P/E ratio of 129.50, a PEG ratio of 0.06 and a beta of 1.00. The firm’s 50 day moving average is C$6.16 and its two-hundred day moving average is C$5.82. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 30.90.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its earnings results on Thursday, December 18th. The company reported C$0.03 EPS for the quarter. BlackBerry had a negative return on equity of 17.21% and a negative net margin of 21.16%.The firm had revenue of C$198.10 million for the quarter. As a group, equities research analysts anticipate that BlackBerry Limited will post 0.0551903 EPS for the current 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.