BlackBerry (TSE:BB) Stock Passes Above 200-Day Moving Average – Time to Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.97 and traded as high as C$11.04. BlackBerry shares last traded at C$10.70, with a volume of 2,494,281 shares traded.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the company a “buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

BlackBerry Trading Up 0.9%

The company has a debt-to-equity ratio of 29.45, a current ratio of 2.20 and a quick ratio of 1.49. The firm has a market capitalization of C$6.58 billion, a PE ratio of 112.20, a price-to-earnings-growth ratio of 0.06 and a beta of 1.31. The stock’s 50-day moving average price is C$11.88 and its 200 day moving average price is C$10.02.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 earnings per share (EPS) for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The company had revenue of C$210.94 million for the quarter. On average, sell-side analysts expect that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

Insider Buying and Selling

In other BlackBerry news, insider Jennifer Mary Armstrong-Owen sold 2,556 shares of BlackBerry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$39,336.84. Following the transaction, the insider owned 101,751 shares in the company, valued at C$1,565,947.89. The trade was a 2.45% decrease in their ownership of the stock. Also, insider Tim Foote sold 16,597 shares of BlackBerry stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of C$17.21, for a total transaction of C$285,634.37. Following the completion of the transaction, the insider directly owned 68,896 shares in the company, valued at approximately C$1,185,700.16. The trade was a 19.41% decrease in their position. Insiders have sold 90,901 shares of company stock worth $1,473,162 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.