BlackBerry (TSE:BB) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Posted by Adam Dyson on Jan 18th, 2025

BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.64 and traded as high as C$6.06. BlackBerry shares last traded at C$5.94, with a volume of 3,679,374 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th.

Check Out Our Latest Stock Report on BB

BlackBerry Price Performance

The company has a debt-to-equity ratio of 34.15, a quick ratio of 1.49 and a current ratio of 1.44. The firm has a market cap of C$3.41 billion, a PE ratio of -18.65, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The stock has a 50 day simple moving average of C$4.51 and a two-hundred day simple moving average of C$3.69.

Insider Activity at BlackBerry

In other news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$5.26, for a total transaction of C$29,248.42. 1.70% of the stock is owned by company insiders.

About BlackBerry

(Get Free Report)

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 CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.