BlackBerry (TSE:BB) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$10.27 and traded as high as C$12.43. BlackBerry shares last traded at C$12.27, with a volume of 6,886,175 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 price target on BlackBerry and gave the stock a “buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, BlackBerry presently has an average rating of “Moderate Buy” and an average target price of C$12.00.

BlackBerry Stock Down 5.7%

The business has a 50-day moving average price of C$11.57 and a 200-day moving average price of C$10.28. The stock has a market cap of C$6.78 billion, a PE ratio of 115.70, a price-to-earnings-growth ratio of 0.06 and a beta of 1.31. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 29.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The firm had revenue of C$219.02 million for the quarter. As a group, analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

Insider Buying and Selling at BlackBerry

In other news, insider Jennifer Mary Armstrong-Owen sold 2,556 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total value of C$39,336.84. Following the completion of the sale, the insider directly owned 101,751 shares in the company, valued at C$1,565,947.89. This represents a 2.45% decrease in their ownership of the stock. Also, insider Philip Simon Kurtz sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of C$15.92, for a total transaction of C$477,600.00. Following the completion of the transaction, the insider directly owned 95,158 shares in the company, valued at approximately C$1,514,915.36. This represents a 23.97% decrease in their ownership of the stock. In the last 90 days, insiders sold 90,901 shares of company stock worth $1,473,162. Company insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

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.