BlackBerry (TSE:BB) Sets New 1-Year High – Should You Buy?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) shares 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 changing hands. The stock had previously closed at C$8.05.

Analyst Ratings Changes

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

BlackBerry Trading Down 5.0 %

The firm has a fifty day moving average price of C$6.18 and a 200-day moving average price of C$4.31. The company has a market capitalization of C$3.27 billion, a P/E ratio of -25.48, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49.

Insider Activity

In related news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$5.26, for a total value of C$29,248.42. 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.