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

Shares of BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) reached a new 52-week high on Tuesday . The stock traded as high as C$6.25 and last traded at C$6.26, with a volume of 1917274 shares. The stock had previously closed at C$5.87.

Analysts Set New Price Targets

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

BlackBerry Price Performance

The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49. The company has a fifty day moving average of C$4.82 and a 200 day moving average of C$3.82. The firm has a market capitalization of C$3.69 billion, a P/E ratio of -20.16, a PEG ratio of 0.06 and a beta of 1.07.

Insider Transactions at BlackBerry

In other news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of BlackBerry stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$5.26, for a total transaction of C$29,248.42. Insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

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.