BlackBerry (TSE:BB) Reaches New 1-Year High – What’s Next?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$15.39 and last traded at C$15.22, with a volume of 1302738 shares changing hands. The stock had previously closed at C$14.62.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 price objective on shares of BlackBerry and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

BlackBerry Trading Up 8.4%

The firm has a market capitalization of C$9.29 billion, a price-to-earnings ratio of 176.11, a PEG ratio of 0.06 and a beta of 1.19. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.49 and a current ratio of 2.12. The company has a 50-day moving average price of C$10.22 and a 200-day moving average price of C$6.86.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$210.94 million for the quarter. BlackBerry had a return on equity of 7.27% and a net margin of 9.70%. As a group, research analysts forecast that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

About BlackBerry

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.