BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) released its earnings results on Thursday. The company reported C$0.03 earnings per share for the quarter, FiscalAI reports. 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%.
BlackBerry Price Performance
Shares of TSE BB traded up C$0.14 during mid-day trading on Thursday, reaching C$6.03. The company had a trading volume of 3,173,264 shares, compared to its average volume of 2,265,932. The business’s 50-day simple moving average is C$6.20 and its 200 day simple moving average is C$5.82. BlackBerry has a one year low of C$3.99 and a one year high of C$8.86. 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 firm has a market cap of C$3.56 billion, a price-to-earnings ratio of 106.39, a PEG ratio of 0.06 and a beta of 1.00.
Analysts Set New Price Targets
Separately, TD Securities upgraded BlackBerry to a “hold” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$4.75.
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.
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