BlackBerry (TSE:BB) Reaches New 52-Week High – Time to Buy?

Shares of BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) hit a new 52-week high during trading on Wednesday . The company traded as high as C$6.23 and last traded at C$5.83, with a volume of 4872362 shares trading hands. The stock had previously closed at C$5.86.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th.

BlackBerry Trading Down 1.9 %

The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49. The company has a market cap of C$3.37 billion, a price-to-earnings ratio of -18.42, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The business’s fifty day moving average price is C$4.19 and its 200 day moving average price is C$3.60.

Insider Buying and Selling

In other news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$5.26, for a total value of C$29,248.42. 1.70% of the stock is owned by corporate insiders.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.