BlackBerry (TSE:BB) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.83 and traded as high as C$6.09. BlackBerry shares last traded at C$6.03, with a volume of 3,173,264 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities raised BlackBerry to a “hold” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$4.75.

BlackBerry Stock Up 2.4%

The business’s fifty day simple moving average is C$6.19 and its two-hundred day simple moving average is C$5.83. The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49. The company has a market cap of C$3.56 billion, a PE ratio of 106.39, a PEG ratio of 0.06 and a beta of 1.00.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its earnings results on Thursday, December 18th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$198.10 million for the quarter. BlackBerry had a negative return on equity of 17.21% and a negative net margin of 21.16%. On average, analysts predict that BlackBerry Limited will post 0.0551903 earnings per share for the current 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.