BlackBerry (TSE:BB) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of BlackBerry Limited (TSE:BBGet Free Report) (NASDAQ:BBRY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.28 and traded as high as C$13.14. BlackBerry shares last traded at C$12.28, with a volume of 8,925,179 shares trading hands.

BlackBerry Price Performance

The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52. The company’s 50 day moving average is C$8.36 and its 200 day moving average is C$6.28. The firm has a market capitalization of C$7.20 billion, a price-to-earnings ratio of 136.44, a P/E/G ratio of 0.06 and a beta of 1.19.

About BlackBerry

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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.

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