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

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$11.27 and traded as high as C$12.47. BlackBerry shares last traded at C$12.45, with a volume of 4,292,599 shares trading hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 price target on BlackBerry and gave the company a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$12.00.

BlackBerry Stock Performance

The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. The stock has a fifty day simple moving average of C$11.70 and a two-hundred day simple moving average of C$11.38. The stock has a market capitalization of C$7.06 billion, a price-to-earnings ratio of 92.46, a P/E/G ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 earnings per share for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. The company had revenue of C$219.02 million during the quarter. Analysts forecast that BlackBerry Limited will post 0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tim Foote sold 8,441 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$11.68, for a total transaction of C$98,590.88. Following the transaction, the insider owned 71,616 shares in the company, valued at approximately C$836,474.88. This represents a 10.54% decrease in their ownership of the stock. Also, insider Philip Simon Kurtz sold 6,164 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$12.06, for a total transaction of C$74,337.84. Following the transaction, the insider directly owned 73,109 shares in the company, valued at C$881,694.54. This trade represents a 7.78% decrease in their position. In the last three months, insiders sold 87,761 shares of company stock valued at $1,079,193. 1.70% of the stock is currently owned by corporate insiders.

BlackBerry Company Profile

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.