BlackBerry (TSE:BB) Trading Down 4.9% – Here’s Why

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) shares fell 4.9% on Thursday . The company traded as low as C$7.92 and last traded at C$7.92. 520,588 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 3,359,240 shares. The stock had previously closed at C$8.33.

Analyst Ratings Changes

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

BlackBerry Stock Performance

The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 30.90. The firm has a 50-day simple moving average of C$6.25 and a 200 day simple moving average of C$4.33. The company has a market cap of C$3.09 billion, a price-to-earnings ratio of -24.07, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.

Insider Activity

In other BlackBerry news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$5.26, for a total transaction of C$29,248.42. Corporate insiders own 1.70% of the company’s stock.

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.