Research In Motion (NASDAQ:RIMM) Stock Hikes to Yearly High on Possible Sale of Handset Business

Research In Motion Ltd (NASDAQ:RIMM) stock moved up to record high level in 13 months on Monday after its chief executive officer told a German newspaper the Canadian based company might sell its handset unit or license its software to competitors.

Thorsten Heins remarks sent shares of the BlackBerry maker around 18% high in Toronto, but finished at C$17.41 or up around 11%.

Shares of Research in Motion listed at Nasdaq were not traded on Monday because of the Martin Luther King Jr. holiday.

In May, BlackBerry maker stated a strategic revamp anticipated to consider options comprising licensing arrangements to a sale of the corporation.

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 -2.21% to settle at $4.43, Apple Inc. (NASDAQ:AAPL) moved down -0.53% to end at $500.00 while Ericsson (ADR) (NASDAQ:ERIC) jumped +2.34% to finish at $10.56 on Friday.

Research In Motion Limited (USA) (NASDAQ:RIMM) last session’s volume of 71.19 million shares was surprisingly higher than its average volume of 49.37 million shares. The stock after opening at $15.86 hit high price of $15.94 and then closed at $15.84 by scoring +6.24%.

The liquidity measure in recent quarter results of the company was recorded 2.23 as current ratio. The Company had total cash of $2.73 billion at hand and a book value per share as $18.15 in the most recent quarter.

The stock’s price volatility was 5.25% for a week and 5.91% for a month as well as price volatility’s Average True Range for 14 days was 0.83 and its beta remained at 1.70.

RIMM 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%.

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