Blackbird (LON:BIRD) Shares Down 7.4% – Here’s What Happened

Shares of Blackbird plc (LON:BIRD) were down 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 traded hands 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 Price Performance

The company has a market cap of £15.64 million, a PE ratio of -6.45 and a beta of 0.79. The company’s 50 day simple moving average is GBX 4.86 and its two-hundred day simple moving average is GBX 5.71.

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

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.