The BlackBerry Ltd (BBRY) Position Increased by Meag Munich Ergo Kapitalanlagegesellschaft MBH
- Author: Zachary Reyes Jun 07, 2017,
Jun 07, 2017, 18:21
Now the shares of BlackBerry Limited (BBRY) has a trading volume of 10.88 Million shares, with an average trading volume of 17650 shares - with shares dropping to a 52 week low of $6.23, and the company's shares hitting a 52 week high of $ 11.74.
A number of hedge funds have recently added to or reduced their stakes in BBRY. Bank of Montreal Can now owns 5,640,607 shares of the smartphone producer's stock worth $43,715,000 after buying an additional 113,419 shares during the period. FNY Partners Fund LP bought a new stake in BlackBerry during the first quarter worth $147,000.
Shares outstanding are recorded as 537.71 B and total shares floated are 531.19 B. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 2.80. Comerica Bank increased its stake in shares of BlackBerry by 1.3% in the first quarter. Tower Research Capital LLC TRC now owns 91,809 shares of the smartphone producer's stock valued at $711,000 after buying an additional 86,532 shares during the last quarter.
The stock decreased 1.24% or $0.14 during the last trading session, reaching $11.15.
Stevens Capital Management LP increased its position in BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company has market cap of $318.42 million. A 20-day moving average will provide many more "reversal" signals than a 100-day moving average.
Its 52-week range quite noticeable, lower range was $78.97% and hit highest level of $-5.03%. Analysts forecast EPS of $-0.02, exactly $0.00 or 0.00 % from 2014's $-0.02 EPS. "In turn, this allowed us to expand our operating margin and report positive free cash flow", said John Chen, Executive Chairman and CEO of BlackBerry. The business had revenue of $297 million for the quarter, compared to analysts' expectations of $288.45 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The company's revenue for the quarter was down 39.0% compared to the same quarter previous year. Equities analysts predict that BlackBerry Ltd will post $0.02 earnings per share for the current year.
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A number of equities analysts have weighed in on BBRY shares. Imperial Capital maintained it with "In-Line" rating and $8.25 target in Thursday, December 22 report. Canaccord Genuity set a $10.00 target price on shares of BlackBerry and gave the stock a hold rating in a report on Wednesday, April 12th. They issued an "overweight" rating and a $11.00 target price for the company. Zacks Investment Research downgraded BlackBerry from a "buy" rating to a "hold" rating in a report on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of "Hold" and an average target price of $9.04.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Blackberry Limited (NASDAQ:BBRY) high price target of $11.8 and with a conservative view have low price target of $7.
BlackBerry generated almost 80% of revenue from Software & Services segment in the latest quarter and its enterprise customer orders increased to 3,500 at the end of latest quarter. The Company's products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging.