BlackBerry (TSE:BB) Stock Price Down 3.1% – What’s Next?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s stock price was down 3.1% during trading on Friday . The stock traded as low as C$6.92 and last traded at C$6.99. Approximately 750,632 shares changed hands during trading, a decline of 68% from the average daily volume of 2,337,815 shares. The stock had previously closed at C$7.21.

BlackBerry Trading Down 4.0%

The firm has a market capitalization of C$4.07 billion, a PE ratio of 76.89, a P/E/G ratio of 0.06 and a beta of 0.04. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.49 and a current ratio of 2.12. The firm has a fifty day moving average of C$5.07 and a 200 day moving average of C$5.51.

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.