BlackBerry (TSE:BB) Shares Down 4.9% - Here's What Happened

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY dropped 4.9% during trading on Thursday . The company traded as low as C$7.92 and last traded at C$7.92. Approximately 520,588 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 3,359,240 shares. The stock had previously closed at C$8.33.

Wall Street Analyst Weigh In

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

BlackBerry Trading Up 3.3 %

The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49. The business's 50 day simple moving average is C$6.37 and its 200 day simple moving average is C$4.40. The stock has a market cap of C$3.00 billion, a P/E ratio of -23.32, a PEG ratio of 0.06 and a beta of 1.07.

Insider Buying and Selling

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

BlackBerry Company Profile

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.