BlackBerry (TSE:BB) Stock Price Breaks Below 50-Day Moving Average – Time to Sell?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s share price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$11.83 and traded as low as C$11.49. BlackBerry shares last traded at C$11.75, with a volume of 5,066,911 shares trading hands.

BlackBerry Trading Down 8.6%

The stock’s 50 day moving average is C$11.83 and its two-hundred day moving average is C$9.55. The company has a market capitalization of C$6.90 billion, a PE ratio of 90.38, a price-to-earnings-growth ratio of 0.06 and a beta of 0.97. The company has a quick ratio of 1.49, a current ratio of 2.38 and a debt-to-equity ratio of 27.92.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. BlackBerry had a net margin of 13.11% and a return on equity of 10.66%. The business had revenue of C$219.02 million for the quarter. As a group, sell-side analysts predict that BlackBerry Limited will post 0.06 EPS for the current fiscal year.

Insider Activity at BlackBerry

In other BlackBerry news, insider Tim Foote sold 8,441 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$98,590.88. Following the sale, the insider owned 71,616 shares of the company’s stock, valued at approximately C$836,474.88. This trade represents a 10.54% decrease in their position. Also, insider Philip Simon Kurtz sold 6,164 shares of the stock in a transaction on Friday, October 9th. The shares were sold at an average price of C$12.06, for a total value of C$74,337.84. Following the sale, the insider directly owned 73,109 shares in the company, valued at C$881,694.54. This trade represents a 7.78% decrease in their position. Insiders have sold a total of 337,761 shares of company stock valued at $3,364,460 over the last ninety days. 1.70% of the stock is owned by company insiders.

About BlackBerry

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.