BlackBerry (TSE:BB) Hits New 12-Month High - Here's Why

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.09 and last traded at C$7.87, with a volume of 3660135 shares changing hands. The stock had previously closed at C$7.51.Analyst Upgrades and Downgrades BlackBerry Gains on IoT Growth, but Sours on Guidance Cut Separately, TD Securities raised shares of BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 20th.Read Our Latest Report on BlackBerryBlackBerry Trading Up 10.5 %How to invest in airline stocksThe stock has a 50-day simple moving average of C$5.56 and a 200 day simple moving average of C$4.08. The company has a current ratio of 1.44, a quick ratio of 1.49 and a debt-to-equity ratio of 34.15. The company has a market cap of C$4.91 billion, a price-to-earnings ratio of -26.84, a PEG ratio of 0.06 and a beta of 1.07. Insider Activity at BlackBerryIn other news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$5.26, for a total value of C$29,248.42. 1.70% of the stock is owned by insiders. BlackBerry Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than BlackBerryWhat is a Bond Market Holiday? How to Invest and Trade3 Reasons Micron Stock Is Deeply Undervalued Right NowWhat Are the U.K. Market Holidays? How to Invest and TradeInflation Persists, But So Do Stock Opportunities: Rally OnExpert Stock Trading Psychology TipsEnergy Transfer Fuels the Cloud: A Natural Gas Power PlayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Where Should You Invest $1,000 Right Now?Before you make your next trade, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.They believe these five stocks are the five best companies for investors to buy now...See The Five Stocks Here Should You Invest $1,000 in BlackBerry Right Now?Before you consider BlackBerry, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackBerry wasn't on the list.While BlackBerry currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here