Blackbird (LON:BIRD) Shares Down 7.4% – Here’s What Happened

Blackbird plc (LON:BIRDGet Free Report)’s share price was down 7.4% during mid-day trading on Tuesday . The company traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.50 ($0.06). Approximately 834,639 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 669,493 shares. The stock had previously closed at GBX 4.86 ($0.06).

Blackbird Price Performance

The business’s 50 day moving average is GBX 4.86 and its 200-day moving average is GBX 5.71. The company has a market cap of £15.64 million, a PE ratio of -6.45 and a beta of 0.79.

Blackbird (LON:BIRDGet Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX (0.61) (($0.01)) earnings per share (EPS) for the quarter. Blackbird had a negative return on equity of 28.27% and a negative net margin of 147.18%.

About Blackbird

(Get Free Report)

Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and content creation markets. Blackbird plc’s patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud and it has two products.

BlackbirdⓇ a market leading suite of cloud-native computing applications, is used by rights holders, broadcasters, sports and news video specialists, live events and content owners, post production houses, other mass market digital video channels and corporations.

elevate.io is the company’s new browser-based collaborative content creation platform currently in general release.

Further Reading

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