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BlackBerry Limited (NASDAQ:BBRY) Experiencing Unusual Activity Mid-day

13 April 2017

BlackBerry Limited (BBRY) stock price tumbled -0.13% to finalize at $7.70 throughout previous buying and selling session. BlackBerry has a 1-year low of $6.23 and a 1-year high of $8.46. The company reported its last quarter on 12/31/2016. The business is expected to report its next quarterly earnings results on Thursday, June 22nd. Analysts predict that BlackBerry will post $0.03 EPS for the current year. The Price to Sales (P/S) ratio of the stock is 2.84, while P/B (Price to Book) stands at 2.56.

Annual earnings per share (EPS) growth was at -19.10% in past 5 Years and Long-term annual earnings per share (EPS) growth is projected to achieve 12.70% in coming 5 years. BlackBerry also reported earnings of ($0.02) per share in the same quarter past year. The firm had revenue of $297 million for the quarter, compared to analyst estimates of $288.45 million. The Return on Investment (ROI) is at -44.5% while it's Return on Equity (ROE) value stands at -54.2%. State Street Corp boosted its position in shares of BlackBerry by 4.3% in the fourth quarter. During the same period a year ago, the firm earned ($0.03) earnings per share. (NASDAQ:RCII) is under coverage by number of analysts. Scotiabank set a $10.65 target price on shares of BlackBerry in a research note on Monday, April 3rd. Credit Suisse Group AG restated an "underperform" rating and issued a $6.00 price target on shares of BlackBerry in a research report on Friday, December 16th. Stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 8 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.

BlackBerry Limited has 1 year price target of $7.9. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company now has an average rating of "Hold" and a consensus price target of $8.37.

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BlackBerry Limited (NASDAQ:BBRY)'s market cap, the total dollar value of all of their outstanding shares, is 4142.45m. Company's distance from 20 day simple moving average is 7.48% and distance from 50-Day simple moving average is 8.93%. The Monthly and Yearly performances are 9.69 percent and 8.45 percent respectively. BlackBerry also saw some unusual options trading on Wednesday.

If we look at stock performance in last active day trading, we see that stock has moved gained 1.05% to end the day at $9.60. The last closing price is up 21.41% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. The short ratio in the company's stock is documented at 11.05 and the short float is around of 10.13%. Contrarius Investment Management Ltd raised its stake in BlackBerry by 5.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of BlackBerry by 13.5% in the third quarter. First Trust Advisors LP now owns 39,867 shares of the smartphone producer's stock valued at $318,000 after buying an additional 1,664 shares during the last quarter. In most recent quarter, LT Debt/Equity ratio was listed at 0.29 and Total Debt/Equity ratio was noted at 0.00. Bank of Montreal Can now owns 5,119,861 shares of the smartphone producer's stock valued at $40,856,000 after buying an additional 234,955 shares during the period. For the quarter, shares are performing at 8.15%. Can now owns 608,635 shares of the smartphone producer's stock worth $4,843,000 after buying an additional 1,938 shares during the last quarter.