BlackBerry (TSE:BB) Share Price Crosses Above 200-Day Moving Average – Here’s Why

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.45 and traded as high as C$7.43. BlackBerry shares last traded at C$6.88, with a volume of 3,037,414 shares changing hands.

Analyst Ratings Changes

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

BlackBerry Stock Down 1.9 %

The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 30.90. The company has a market capitalization of C$2.79 billion, a price-to-earnings ratio of -21.75, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The business has a 50-day moving average price of C$6.48 and a 200-day moving average price of C$4.45.

Insider Activity

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