Blackbird (LON:BIRD) Shares Down 11.1% – What’s Next?

Blackbird plc (LON:BIRD) was down 11.1% during mid-day trading on Friday . The stock traded as low as GBX 1.60 and last traded at GBX 1.60. Approximately 181,823 shares traded hands during trading, a decline of 81% from the average daily volume of 978,359 shares. The stock had previously closed at GBX 1.80.

Blackbird Trading Down 11.1%

The stock has a 50 day simple moving average of GBX 1.92 and a 200 day simple moving average of GBX 2.21. The firm has a market capitalization of £7.68 million, a PE ratio of -2.58 and a beta of 0.99.

Blackbird (LON:BIRD) last announced its quarterly earnings results on Monday, March 23rd. The company reported GBX (0.62) EPS for the quarter. Blackbird had a negative return on equity of 40.32% and a negative net margin of 188.48%.

Insider Buying and Selling at Blackbird

In other news, insider Ian McDonough bought 2,560,700 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average cost of GBX 2 per share, for a total transaction of £51,214. Corporate insiders own 20.80% of the company’s stock.

Blackbird Company Profile

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.