BlackBerry (TSE:BB) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.49 and traded as high as C$6.47. BlackBerry shares last traded at C$6.42, with a volume of 5,036,850 shares.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded BlackBerry to a “hold” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

BlackBerry Stock Up 13.6%

The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52. The company has a fifty day simple moving average of C$4.77 and a 200-day simple moving average of C$5.49. The firm has a market cap of C$3.77 billion, a P/E ratio of 71.33, 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.