BlackBerry (TSE:BB) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of BlackBerry Limited (TSE:BBGet Free Report) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.65 and traded as high as C$8.64. BlackBerry shares last traded at C$8.50, with a volume of 2,362,313 shares traded.

BlackBerry Stock Performance

The firm’s 50 day moving average price is C$5.94 and its two-hundred day moving average price is C$5.65. The firm has a market cap of C$4.98 billion, a PE ratio of 94.44, a PEG ratio of 0.06 and a beta of 0.13. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.49 and a current ratio of 2.12.

About BlackBerry

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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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