BlackBerry (TSE:BB) Hits New 1-Year High – Should You Buy?

Shares of BlackBerry Limited (TSE:BBGet Free Report) (NASDAQ:BBRY) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$11.87 and last traded at C$11.65, with a volume of 7367973 shares. The stock had previously closed at C$11.08.

BlackBerry Stock Up 1.0%

The company has a market cap of C$7.10 billion, a PE ratio of 134.56, a P/E/G ratio of 0.06 and a beta of 0.13. The company’s 50 day moving average is C$6.94 and its 200 day moving average is C$5.87. The company has a current ratio of 2.12, a quick ratio of 1.49 and a debt-to-equity ratio of 2.52.

BlackBerry Company Profile

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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.

Further Reading

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