BlackBerry (TSE:BB) Hits New 1-Year High – Should You Buy?

BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$18.45 and last traded at C$16.35, with a volume of 5983076 shares. The stock had previously closed at C$17.91.

Analyst Ratings Changes

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

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BlackBerry Trading Down 10.1%

The company has a market cap of C$9.44 billion, a P/E ratio of 161.10, a P/E/G ratio of 0.06 and a beta of 1.19. The business has a fifty day simple moving average of C$11.09 and a 200 day simple moving average of C$7.18. The company has a debt-to-equity ratio of 29.45, a quick ratio of 1.49 and a current ratio of 2.20.

BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last issued its quarterly earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The business had revenue of C$210.94 million during the quarter. Analysts anticipate that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal 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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