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

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.78 and traded as high as C$6.04. BlackBerry shares last traded at C$5.86, with a volume of 2,624,177 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities upgraded BlackBerry to a “hold” rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$4.75.

BlackBerry Price Performance

The firm has a market capitalization of C$3.46 billion, a PE ratio of 104.49, a price-to-earnings-growth ratio of 0.06 and a beta of 1.06. The stock’s 50 day simple moving average is C$6.35 and its two-hundred day simple moving average is C$5.78. The company has a debt-to-equity ratio of 30.90, a quick ratio of 1.49 and a current ratio of 1.37.

About BlackBerry

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.