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

Shares of BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.64 and traded as high as C$6.06. BlackBerry shares last traded at C$5.94, with a volume of 3,679,374 shares trading 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 Trading Up 3.3 %

The company’s 50 day simple moving average is C$4.35 and its two-hundred day simple moving average is C$3.64. The company has a market capitalization of C$3.51 billion, a price-to-earnings ratio of -19.16, a P/E/G ratio of 0.06 and a beta of 1.07. The company has a quick ratio of 1.49, a current ratio of 1.44 and a debt-to-equity ratio of 34.15.

Insider Transactions at BlackBerry

In other BlackBerry news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$5.76, for a total transaction of C$33,045.12. Insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

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.