BlackBerry (TSE:BB) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.56 and traded as high as C$12.57. BlackBerry shares last traded at C$12.48, with a volume of 2,725,926 shares trading hands.

Analyst Upgrades and Downgrades

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

BlackBerry Stock Up 0.3%

The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49. The firm’s 50 day moving average price is C$13.61 and its two-hundred day moving average price is C$8.61. The firm has a market cap of C$7.22 billion, a price-to-earnings ratio of 123.20, a P/E/G ratio of 0.06 and a beta of 1.17.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$210.94 million during the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%. As a group, sell-side analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other news, insider Tim Foote sold 3,066 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total value of C$47,185.74. Following the sale, the insider directly owned 85,493 shares in the company, valued at C$1,315,737.27. This represents a 3.46% decrease in their ownership of the stock. Also, insider John Joseph Giamatteo sold 28,272 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total transaction of C$435,106.08. Following the transaction, the insider directly owned 937,246 shares of the company’s stock, valued at approximately C$14,424,215.94. This trade represents a 2.93% decrease in their ownership of the stock. Insiders have sold 90,901 shares of company stock valued at $1,473,162 over the last three months. 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.