Research In Motion (NASDAQ:BBRY) Plans to Open BBM Instant-Messaging System; Stock Tumbles to Record Low

Research In Motion Ltd (NASDAQ:BBRY), maker of BlackBerry smart phones, tumbles to record low in a week after reporting plans to open up its BBM instant-messaging system to other smart phones, an action that loosens the firm’s grip on one of its most valuable services.

Shares of Waterloo, Ontario based BlackBerry fell 4% and marked the major one-day drop since May 7. BlackBerry Stock moved up 28% current year, lifted by optimism over the firm’s comeback scheme.

Chief Executive Officer of Research In Motion Thorsten Heins reported on Tuesday that the company will start offering BBM as a free application on Apple Inc’s (NASDAQ:AAPL) iPhone and gadgets running Google Inc’s (NASDAQ:GOOG) Android.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Nokia Corporation (ADR) (NYSE:NOK) fell -5.21% to settle at $3.64, Microsoft Corporation (NASDAQ:MSFT) moved up +2.23% to end at $33.53 while BT Group plc (ADR) (NYSE:BT) jumped +1.19% to finish at $47.44 on Tuesday.

Research In Motion Ltd (NASDAQ:BBRY) last session’s volume of 52.63 million shares was surprisingly higher than its average volume of 28.96 million shares. The stock after opening at $16.01 hit high price of $16.14 and then closed at $15.25 by scoring -3.97%.

The liquidity measure in recent quarter results of the company was recorded 2.23 as current ratio. The Company had total cash of $2.65 billion at hand and a book value per share as $18.36 in the most recent quarter.

The stock’s price volatility was 4.27% for a week and 4.30% for a month as well as price volatility’s Average True Range for 14 days was 0.67and its beta remained at 1.64.

BBRY generated revenue of $12.59 billion in the previous twelve months and earned -$847.00million. The Company showed a negative -6.73% in the net profit margin as well as in its operating margin which remained at -10.85%. Company’s annual sales growth for the past five years was 43.43%.

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