BlackBerry (TSE:BB) Hits New 12-Month High – Here’s Why

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$7.33 and last traded at C$7.33, with a volume of 2746802 shares traded. The stock had previously closed at C$6.63.

Analysts Set New Price Targets

Separately, TD Securities upgraded BlackBerry to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, BlackBerry has a consensus rating of “Hold”.

BlackBerry Price Performance

The stock’s fifty day moving average is C$4.81 and its 200-day moving average is C$5.47. The stock has a market capitalization of C$4.35 billion, a PE ratio of 82.22, a P/E/G ratio of 0.06 and a beta of 0.04. The company has a debt-to-equity ratio of 2.52, a current ratio of 2.12 and a quick ratio of 1.49.

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.