BlackBerry (TSE:BB) Shares Up 9.2% – Here’s Why

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

BlackBerry Price Performance

The company’s fifty day moving average is C$5.40 and its 200 day moving average is C$5.54. The firm has a market cap of C$4.81 billion, a price-to-earnings ratio of 90.89, a PEG ratio of 0.06 and a beta of 0.13. The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52.

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.