Blackbird (LON:BIRD) Reaches New 52-Week Low – Here’s Why

Blackbird plc (LON:BIRD)’s share price reached a new 52-week low on Friday . The stock traded as low as GBX 1.30 and last traded at GBX 1.58, with a volume of 290257 shares traded. The stock had previously closed at GBX 1.50.

Blackbird Stock Up 5.1%

The firm’s 50-day simple moving average is GBX 1.73 and its 200-day simple moving average is GBX 1.95. The firm has a market capitalization of £7.57 million, a PE ratio of -2.54 and a beta of 0.94.

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.