BlackBerry (TSE:BB) Reaches New 12-Month High – Time to Buy?

Shares of BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) reached a new 52-week high on Tuesday . The company traded as high as C$6.64 and last traded at C$6.63, with a volume of 1963927 shares traded. The stock had previously closed at C$6.27.

Wall Street Analyst Weigh In

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 stock has a 50 day moving average of C$5.12 and a two-hundred day moving average of C$3.92. The stock has a market capitalization of C$3.90 billion, a PE ratio of -21.32, a P/E/G ratio of 0.06 and a beta of 1.07. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49.

Insider Transactions at BlackBerry

In related news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$5.76, for a total value of C$33,045.12. 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.