BlackBerry (TSE:BB) Stock Price Crosses Above Two Hundred Day Moving Average of $8.09

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BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.09 and traded as high as $8.16. BlackBerry shares last traded at $7.94, with a volume of 1,750,563 shares.

A number of research analysts recently commented on BB shares. Pi Financial raised their price target on BlackBerry from C$7.60 to C$9.50 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Raymond James reaffirmed a “market perform” rating and set a C$9.50 price objective on shares of BlackBerry in a research report on Monday, December 23rd.

The firm’s fifty day simple moving average is C$8.36 and its 200 day simple moving average is C$8.09. The stock has a market capitalization of $4.50 billion and a P/E ratio of -72.84. The company has a debt-to-equity ratio of 30.22, a quick ratio of 1.01 and a current ratio of 1.06.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings results on Friday, December 20th. The company reported C$0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.04. The firm had revenue of C$370.19 million for the quarter. Analysts anticipate that BlackBerry Ltd will post 0.17 earnings per share for the current fiscal year.

In related news, Director Barbara Gayle Stymiest sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$8.48, for a total transaction of C$84,800.00.

About BlackBerry (TSE:BB)

BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.

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