Blackbird (LON:BIRD) Shares Down 27% – What’s Next?

Blackbird plc (LON:BIRD) shares fell 27% during mid-day trading on Tuesday . The stock traded as low as GBX 4.17 ($0.05) and last traded at GBX 4.38 ($0.06). 1,851,262 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 620,137 shares. The stock had previously closed at GBX 6 ($0.08).

Blackbird Stock Down 26.0 %

The firm has a market capitalization of £17.58 million, a P/E ratio of -7.25 and a beta of 0.79. The business’s 50-day simple moving average is GBX 4.93 and its 200 day simple moving average is GBX 5.73.

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

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.