BlackBerry (TSE:BB) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.77 and traded as high as C$6.00. BlackBerry shares last traded at C$5.98, with a volume of 2,080,507 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th.

BlackBerry Price Performance

The stock has a market cap of C$3.53 billion, a PE ratio of -19.29, a P/E/G ratio of 0.06 and a beta of 1.07. The company has a current ratio of 1.44, a quick ratio of 1.49 and a debt-to-equity ratio of 34.15. The company’s 50 day moving average is C$4.77 and its 200-day moving average is C$3.79.

Insider Buying and Selling

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of BlackBerry stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$5.76, for a total value of C$33,045.12. 1.70% of the stock is currently owned by insiders.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.