BlackBerry Limited (TSE:BB – Get Rating) (NASDAQ:BBRY)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.69 and traded as high as C$7.16. BlackBerry shares last traded at C$7.02, with a volume of 2,418,581 shares traded.
Analyst Ratings Changes
Separately, Royal Bank of Canada lowered their target price on BlackBerry from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research note on Wednesday, March 22nd.
BlackBerry Stock Performance
The company has a debt-to-equity ratio of 51.69, a quick ratio of 1.49 and a current ratio of 1.02. The company has a market capitalization of C$4.07 billion, a P/E ratio of -3.88, a price-to-earnings-growth ratio of 0.06 and a beta of 1.44. The business has a 50 day moving average of C$5.62 and a 200-day moving average of C$5.69.
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers BlackBerry Cyber Suite, which provides Cylance AI and machine learning-based cybersecurity solutions, including BlackBerry Protect, an EPP and available MTD solution; BlackBerry Optics, an EDR solution that provides visibility into and prevention of malicious activity; BlackBerry Guard, a managed detection and response solution; BlackBerry Gateway, an AI-empowered ZTNA solution; and BlackBerry Persona, a UEBA solution that provides authentication by validating user identity in real time.
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