Blackbird (LON:BIRD) Trading Up 14.1% – Here’s Why

Blackbird plc (LON:BIRD)’s share price was up 14.1% during trading on Friday . The stock traded as high as GBX 5.90 ($0.07) and last traded at GBX 5.56 ($0.07). Approximately 443,337 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 648,070 shares. The stock had previously closed at GBX 4.88 ($0.06).

Blackbird Stock Up 16.7 %

The stock has a market capitalization of £22.02 million, a P/E ratio of -580.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.12 and a quick ratio of 10.80. The stock’s fifty day moving average is GBX 6.42 and its two-hundred day moving average is GBX 5.96.

Insider Transactions at Blackbird

In other news, insider Ian McDonough bought 28,482 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost of GBX 7 ($0.09) per share, with a total value of £1,993.74 ($2,527.24). Corporate insiders own 21.00% of the company’s stock.

Blackbird Company Profile

Blackbird plc develops and operates a cloud-based video editing and publishing software platform under the Blackbird name in the United Kingdom, rest of Europe, North America, and internationally. The company's platform is used for video viewing, editing, and publishing. It serves news, sports, entertainment, and other sectors.