BlackBerry (TSE:BB) Stock Crosses Above 200 Day Moving Average – Time to Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.83 and traded as high as C$16.04. BlackBerry shares last traded at C$15.47, with a volume of 5,233,956 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, BlackBerry has an average rating of “Moderate Buy” and an average price target of C$12.00.

BlackBerry Price Performance

The company has a market cap of C$7.53 billion, a PE ratio of 128.40, a PEG ratio of 0.06 and a beta of 1.16. The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49. The stock’s 50-day moving average is C$12.76 and its 200 day moving average is C$7.89.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last issued its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 EPS for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The firm had revenue of C$210.94 million during the quarter. On average, equities analysts anticipate that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jennifer Mary Armstrong-Owen sold 2,556 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total transaction of C$39,336.84. Following the sale, the insider owned 101,751 shares in the company, valued at approximately C$1,565,947.89. The trade was a 2.45% decrease in their ownership of the stock. Also, insider Tim Foote sold 3,066 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of C$15.39, for a total transaction of C$47,185.74. Following the transaction, the insider owned 85,493 shares in the company, valued at approximately C$1,315,737.27. This trade represents a 3.46% decrease in their position. Insiders sold a total of 90,901 shares of company stock worth $1,473,162 in the last three months. Insiders own 1.70% of the company’s stock.

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.