BlackBerry (TSE:BB) Stock Price Up 10.5%

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price was up 10.5% during trading on Thursday . The company traded as high as C$3.43 and last traded at C$3.36. Approximately 617,697 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 2,252,280 shares. The stock had previously closed at C$3.04.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Thursday.

BlackBerry Stock Performance

The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -11.40, a P/E/G ratio of 0.06 and a beta of 1.08. The stock has a 50 day simple moving average of C$3.77 and a 200 day simple moving average of C$4.01. The company has a quick ratio of 1.49, a current ratio of 1.43 and a debt-to-equity ratio of 32.47.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Wednesday, April 3rd. The company reported C$0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.07) by C$0.10. The business had revenue of C$232.61 million during the quarter. BlackBerry had a negative return on equity of 15.92% and a negative net margin of 15.24%. As a group, analysts anticipate that BlackBerry Limited will post 0.0273766 earnings per share for the current fiscal year.

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.