BlackBerry (TSE:BB) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.83 and traded as high as C$6.09. BlackBerry shares last traded at C$6.03, with a volume of 3,173,264 shares traded.

Analysts Set New Price Targets

Separately, TD Securities raised shares of BlackBerry to a “hold” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, BlackBerry presently has a consensus rating of “Hold” and a consensus target price of C$4.75.

BlackBerry Price Performance

The stock has a fifty day moving average of C$6.19 and a 200 day moving average of C$5.83. The stock has a market cap of C$3.56 billion, a price-to-earnings ratio of 106.39, a P/E/G ratio of 0.06 and a beta of 1.00. The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings results on Thursday, December 18th. The company reported C$0.03 earnings per share (EPS) for the quarter. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 17.21%. The company had revenue of C$198.10 million during the quarter. On average, analysts expect that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

BlackBerry Company Profile

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.