BlackBerry (TSE:BB) Hits New 52-Week High - Still a Buy?

Shares of BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY hit a new 52-week high during trading on Tuesday . The company traded as high as C$6.64 and last traded at C$6.63, with a volume of 1963927 shares trading hands. The stock had previously closed at C$6.27.

Analyst Ratings Changes

Separately, TD Securities upgraded BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 20th.

BlackBerry Trading Up 1.8 %

The company's 50-day moving average is C$5.40 and its 200 day moving average is C$4.02. The company has a current ratio of 1.44, a quick ratio of 1.49 and a debt-to-equity ratio of 34.15. The firm has a market cap of C$4.44 billion, a PE ratio of -24.23, a P/E/G ratio of 0.06 and a beta of 1.07.

Insider Transactions at BlackBerry

In other BlackBerry news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$5.76, for a total transaction of C$33,045.12. 1.70% of the stock is owned by insiders.

About BlackBerry

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.