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

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.56 and traded as high as C$6.82. BlackBerry shares last traded at C$6.75, with a volume of 2,110,688 shares traded.

Analyst Ratings Changes

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

BlackBerry Trading Up 0.3%

The business has a fifty day moving average of C$5.98 and a 200-day moving average of C$5.56. The company has a debt-to-equity ratio of 30.90, a quick ratio of 1.49 and a current ratio of 1.37. The company has a market capitalization of C$3.98 billion, a P/E ratio of 120.22, a PEG ratio of 0.06 and a beta of 0.98.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its earnings results on Thursday, September 25th. The company reported C$0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.01. BlackBerry had a negative return on equity of 17.21% and a negative net margin of 21.16%. Analysts anticipate that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

BlackBerry Company Profile

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.