BlackBerry (TSE:BB) Hits New 52-Week High – Still a Buy?

BlackBerry Limited (TSE:BBGet Free Report) (NASDAQ:BBRY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$9.07 and last traded at C$8.97, with a volume of 3510062 shares. The stock had previously closed at C$8.51.

BlackBerry Trading Up 7.9%

The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52. The company’s 50-day moving average is C$6.16 and its 200 day moving average is C$5.68. The company has a market cap of C$5.38 billion, a price-to-earnings ratio of 102.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.13.

BlackBerry Company Profile

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BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.

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