BlackBerry (TSE:BB) Shares Cross Above 200 Day Moving Average - Time to Sell?

Shares of 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$4.87 and traded as high as C$6.23. BlackBerry shares last traded at C$5.91, with a volume of 1,971,180 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on BB shares. TD Securities raised shares of BlackBerry from a "hold" rating to a "strong-buy" rating in a report on Friday, December 20th. Canaccord Genuity Group boosted their price objective on BlackBerry from C$3.00 to C$4.75 and gave the company a "hold" rating in a research report on Tuesday, March 11th.

BlackBerry Stock Down 0.9 %

The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 30.90. The company has a 50 day simple moving average of C$6.74 and a two-hundred day simple moving average of C$4.91. The firm has a market capitalization of C$2.33 billion, a P/E ratio of -18.14, a P/E/G ratio of 0.06 and a beta of 1.07.

Insiders Place Their Bets

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$5.76, for a total transaction of C$33,045.12. Corporate insiders own 1.70% of the company's stock.

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.