BlackBerry (TSE:BB) Sets New 52-Week High – Time to Buy?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$8.86 and last traded at C$8.66, with a volume of 3581852 shares traded. The stock had previously closed at C$8.05.

Analyst Upgrades and Downgrades

Separately, TD Securities raised BlackBerry from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th.

BlackBerry Trading Up 7.0 %

The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49. The business’s 50 day moving average is C$6.01 and its 200 day moving average is C$4.25. The stock has a market cap of C$3.56 billion, a price-to-earnings ratio of -27.74, a P/E/G ratio of 0.06 and a beta of 1.07.

Insider Buying and Selling

In related news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the business’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. Insiders own 1.70% of the company’s stock.

About BlackBerry

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.