BlackBerry (TSE:BB) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.64 and traded as high as C$6.06. BlackBerry shares last traded at C$5.94, with a volume of 3,679,374 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th.

BlackBerry Trading Down 4.3 %

The company has a current ratio of 1.44, a quick ratio of 1.49 and a debt-to-equity ratio of 34.15. The stock has a market capitalization of C$3.41 billion, a P/E ratio of -18.65, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The company has a 50-day moving average price of C$4.51 and a 200 day moving average price of C$3.69.

Insiders Place Their Bets

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$5.76, for a total transaction of C$33,045.12. Corporate insiders own 1.70% of the company’s stock.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.