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

BlackBerry Limited (TSE:BBGet Free Report) (NASDAQ:BBRY) reached a new 52-week high on Friday . The company traded as high as C$9.06 and last traded at C$8.87, with a volume of 4847581 shares. The stock had previously closed at C$8.32.

BlackBerry Price Performance

The stock’s 50-day simple moving average is C$5.48 and its 200 day simple moving average is C$5.56. The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52. The company has a market cap of C$5.19 billion, a price-to-earnings ratio of 98.11, a PEG ratio of 0.06 and a beta of 0.13.

BlackBerry Company Profile

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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.

Further Reading

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