BlackBerry (TSE:BB) Trading 9.6% Higher – Time to Buy?
by Kim Johansen · The Markets DailyBlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY)’s share price traded up 9.6% during mid-day trading on Thursday . The stock traded as high as C$5.57 and last traded at C$5.36. 2,610,830 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 1,916,458 shares. The stock had previously closed at C$4.89.
Wall Street Analyst Weigh In
Separately, TD Securities raised shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.
View Our Latest Analysis on BB
BlackBerry Trading Up 12.1%
The company’s fifty day moving average price is C$4.67 and its two-hundred day moving average price is C$5.51. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 29.33. The firm has a market cap of C$3.23 billion, a P/E ratio of 137.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.04.
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.