Research In Motion (NASDAQ:BBRY) Stock Tumbles to Record Low ahead of U.S. Debut

Shares of Research In Motion Ltd (NASDAQ:BBRY), maker of BlackBerry Smartphone, plunged to record low in over a month in New York trading session after analysts lifted concerns that the most recent Smartphone Z10 are getting a lukewarm response.

BlackBerry stock moved down 7.7% to settle at $14.91 and marked the major drop since February 13. Shares of the company hiked 36% current year before Friday’s drop and stock lifted by optimism that the Canadian company’s new lineup will fuel a turnaround.

Deutsche Bank AG analyst checked inventory in the United Kingdom and Canada ahead of the Z10’s United States debut, where the Smartphone is already available.

The company reported that the findings show that sales have been slow and store employees are not promoting the gadgets.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) fell -0.56% to settle at $1.06, Mitel Networks Corporation (NASDAQ:MITL) moved down -1.31% to end at $3.76 while Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) jumped +1.04% to finish at $10.67 on Friday.

Research In Motion Ltd (NASDAQ:BBRY) last session’s volume of 123.95 million shares was higher than its average volume of 56.14 million shares. The stock after opening at $16.43 hit high price of $16.82 and then closed at $14.91 by scoring -7.74%.

BBRY generated revenue of $12.59 billion in the previous twelve months and earned -$847.00 million. 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%.

The BBRY’s past twelve months’ price to sales ratio was 0.62 and price to cash ratio remained 2.86. As far as the returns are concerned, BBRY’s return on equity was recorded as -8.47% and return on investment decreased -8.45% while its return on asset stayed at -6.35%.

The stock showed weekly downbeat performance of -0.47% which was maintained for the month at 7.42%. Likewise the positive performance for the quarter was recorded as 9.39% and for the year was 5.67% while the YTD performance remained at 25.61%.

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