BlackBerry (TSE:BB) Hits New 12-Month High – Here’s Why
by Tristan Rich · The Markets DailyBlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$18.45 and last traded at C$16.35, with a volume of 5983076 shares changing hands. The stock had previously closed at C$17.91.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$12.00.
Get Our Latest Stock Report on BB
BlackBerry Stock Down 10.1%
The company has a market cap of C$9.44 billion, a P/E ratio of 161.10, a PEG ratio of 0.06 and a beta of 1.19. 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 business’s 50 day moving average price is C$11.09 and its 200-day moving average price is C$7.18.
BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last issued its quarterly earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share (EPS) for the quarter. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%. The business had revenue of C$210.94 million for the quarter. On average, analysts anticipate that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.
About BlackBerry
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.