BlackBerry (TSE:BB) Stock Price Down 3.7% – Time to Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price was down 3.7% during trading on Tuesday . The stock traded as low as C$10.88 and last traded at C$11.44. Approximately 3,693,708 shares changed hands during trading, a decline of 9% from the average session volume of 4,079,468 shares. The stock had previously closed at C$11.88.

Analysts Set New Price Targets

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

BlackBerry Price Performance

The firm has a market cap of C$6.70 billion, a price-to-earnings ratio of 114.40, a P/E/G ratio of 0.06 and a beta of 1.16. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 29.45. The company has a 50 day moving average of C$13.39 and a 200 day moving average of C$8.29.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The firm had revenue of C$210.94 million for the quarter. Equities research analysts predict that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Philip Simon Kurtz sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of C$15.92, for a total value of C$477,600.00. Following the completion of the transaction, the insider directly owned 95,158 shares in the company, valued at approximately C$1,514,915.36. The trade was a 23.97% decrease in their position. Also, insider John Joseph Giamatteo sold 28,272 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$435,106.08. Following the sale, the insider directly owned 937,246 shares of the company’s stock, valued at approximately C$14,424,215.94. The trade was a 2.93% decrease in their ownership of the stock. Over the last quarter, insiders have sold 90,901 shares of company stock worth $1,473,162. Company insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

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.