BlackBerry (TSE:BB) Trading Down 10.1% – Should You Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) shares traded down 10.1% during trading on Friday . The stock traded as low as C$5.31 and last traded at C$5.42. 2,338,960 shares were traded during trading, an increase of 3% from the average session volume of 2,260,576 shares. The stock had previously closed at C$6.03.

Wall Street Analyst Weigh In

Separately, TD Securities raised 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, the company presently has an average rating of “Hold” and a consensus target price of C$4.75.

BlackBerry Price Performance

The company has a 50-day moving average of C$6.19 and a 200-day moving average of C$5.83. 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 stock has a market cap of C$3.04 billion, a price-to-earnings ratio of 106.39, a PEG ratio of 0.06 and a beta of 1.00.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings data on Thursday, December 18th. The company reported C$0.03 earnings per share for the quarter. BlackBerry had a negative return on equity of 17.21% and a negative net margin of 21.16%.The company had revenue of C$198.10 million during the quarter. As a group, equities research analysts predict that BlackBerry Limited will post 0.0551903 earnings per share for the current 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.