BlackBerry (TSE:BB) Stock Price Up 19.9% – Time to Buy?

Shares of BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY) were up 19.9% during trading on Thursday . The stock traded as high as C$15.16 and last traded at C$14.70. 6,745,398 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 3,682,519 shares. The stock had previously closed at C$12.26.

Analyst Upgrades and Downgrades

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

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BlackBerry Trading Up 22.1%

The firm has a fifty day moving average of C$10.04 and a two-hundred day moving average of C$6.80. The company has a market cap of C$8.77 billion, a PE ratio of 166.33, a price-to-earnings-growth ratio of 0.06 and a beta of 1.19. The company has a current ratio of 2.12, a quick ratio of 1.49 and a debt-to-equity ratio of 2.52.

BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$210.94 million for the quarter. BlackBerry had a net margin of 9.70% and a return on equity of 7.27%. As a group, sell-side analysts predict that BlackBerry Limited will post 0.0551903 EPS for the current year.

About BlackBerry

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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.

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