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

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.20 and traded as high as C$12.52. BlackBerry shares last traded at C$12.15, with a volume of 2,906,351 shares.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, BlackBerry currently has a consensus rating of “Moderate Buy” and an average target price of C$12.00.

BlackBerry Stock Performance

The stock’s 50-day simple moving average is C$13.25 and its 200 day simple moving average is C$8.20. The company has a market capitalization of C$7.12 billion, a PE ratio of 121.50, a P/E/G ratio of 0.06 and a beta of 1.16. The company has a debt-to-equity ratio of 29.45, a quick ratio of 1.49 and a current ratio of 2.20.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$210.94 million during the quarter. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%. As a group, research analysts expect that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BlackBerry news, insider John Joseph Giamatteo sold 28,272 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$435,106.08. Following the sale, the insider directly owned 937,246 shares in the company, valued at C$14,424,215.94. This trade represents a 2.93% decrease in their ownership of the stock. Also, insider Philip Simon Kurtz sold 30,000 shares of BlackBerry stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of C$15.92, for a total value of C$477,600.00. Following the sale, the insider directly owned 95,158 shares of the company’s stock, valued at C$1,514,915.36. This trade represents a 23.97% decrease in their ownership of the stock. Insiders have sold 90,901 shares of company stock valued at $1,473,162 in the last three months. Corporate insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.