BlackBerry (TSE:BB) Hits New 12-Month High - Here's Why
BlackBerry (TSE:BB) shares reached a new 12-month high of C$8.09 during trading, closing at C$7.87. The stock saw a significant increase of 10.5%. TD Securities upgraded BlackBerry from "hold" to "strong-buy". The company has a market cap of C$4.91 billion and operates in cybersecurity, IoT, and licensing. Insider activity included the sale of 5,558 shares by Senior Officer Marjorie Jill Dickman. Despite a positive rating, analysts suggest other stocks may be better investments.
BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.09 and last traded at C$7.87, with a volume of 3660135 shares changing hands. The stock had previously closed at C$7.51.
Analyst Upgrades and Downgrades
- BlackBerry Gains on IoT Growth, but Sours on Guidance Cut
Separately, TD Securities raised shares of BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 20th.
Read Our Latest Report on BlackBerry
BlackBerry Trading Up 10.5 %
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The stock has a 50-day simple moving average of C$5.56 and a 200 day simple moving average of C$4.08. The company has a current ratio of 1.44, a quick ratio of 1.49 and a debt-to-equity ratio of 34.15. The company has a market cap of C$4.91 billion, a price-to-earnings ratio of -26.84, a PEG ratio of 0.06 and a beta of 1.07.
Insider Activity at BlackBerry
In other news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was 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 insiders.
BlackBerry Company Profile
(Get Free Report)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.
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