Blackbird (LON:BIRD) Trading Down 7.4% – What’s Next?

Blackbird plc (LON:BIRD)’s share price dropped 7.4% on Tuesday . The stock traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.50 ($0.06). Approximately 834,639 shares were traded during 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 Trading Down 4.5 %

The company has a market capitalization of £16.08 million, a price-to-earnings ratio of -6.63 and a beta of 0.79. The firm’s 50 day moving average price is GBX 4.91 and its two-hundred day moving average price is GBX 5.73.

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

About Blackbird

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.