BlackBerry (TSE:BB) Shares Cross Below 50-Day Moving Average – What’s Next?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$11.83 and traded as low as C$11.49. BlackBerry shares last traded at C$11.75, with a volume of 5,066,911 shares.

BlackBerry Stock Performance

The firm has a 50-day moving average of C$11.83 and a two-hundred day moving average of C$9.55. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92. The company has a market capitalization of C$6.90 billion, a PE ratio of 90.38, a PEG ratio of 0.06 and a beta of 0.97.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. The business had revenue of C$219.02 million for the quarter. Research analysts anticipate that BlackBerry Limited will post 0.06 EPS for the current year.

Insider Activity

In related news, insider Philip Simon Kurtz sold 6,164 shares of the stock in a transaction on Friday, October 9th. The shares were sold at an average price of C$12.06, for a total transaction of C$74,337.84. Following the sale, the insider directly owned 73,109 shares of the company’s stock, valued at approximately C$881,694.54. This represents a 7.78% decrease in their ownership of the stock. Also, insider Tim Foote sold 8,441 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$98,590.88. Following the sale, the insider directly owned 71,616 shares in the company, valued at C$836,474.88. This trade represents a 10.54% decrease in their ownership of the stock. Insiders sold a total of 337,761 shares of company stock valued at $3,364,460 in the last three months. 1.70% of the stock is currently owned by corporate insiders.

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.