BlackBerry (TSE:BB) Shares Pass Above 200-Day Moving Average – Should You Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.72 and traded as high as C$11.03. BlackBerry shares last traded at C$10.81, with a volume of 2,765,063 shares changing hands.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price target on BlackBerry and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.00.

BlackBerry Price Performance

The company has a debt-to-equity ratio of 29.45, a quick ratio of 1.49 and a current ratio of 2.20. The stock has a market capitalization of C$6.12 billion, a price-to-earnings ratio of 104.50, a P/E/G ratio of 0.06 and a beta of 1.31. The company has a 50-day moving average of C$12.53 and a 200-day moving average of C$9.76.

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

Insider Buying and Selling

In related news, insider John Joseph Giamatteo sold 28,272 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total transaction of C$435,106.08. Following the sale, the insider owned 937,246 shares of the company’s stock, valued at C$14,424,215.94. This trade represents a 2.93% decrease in their ownership of the stock. Also, insider Jennifer Mary Armstrong-Owen sold 2,556 shares of BlackBerry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$39,336.84. Following the sale, the insider owned 101,751 shares of the company’s stock, valued at approximately C$1,565,947.89. This represents a 2.45% decrease in their position. Insiders sold 90,901 shares of company stock worth $1,473,162 in the last ninety days. 1.70% of the stock is currently owned by insiders.

BlackBerry Company Profile

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.