Blackbird (LON:BIRD) Trading Down 7.3% – Time to Sell?

Shares of Blackbird plc (LON:BIRD) dropped 7.3% during mid-day trading on Monday . The stock traded as low as GBX 3.47 ($0.05) and last traded at GBX 3.47 ($0.05). Approximately 73,501 shares were traded during trading, a decline of 86% from the average daily volume of 509,886 shares. The stock had previously closed at GBX 3.74 ($0.05).

Blackbird Stock Down 7.3%

The firm has a fifty day moving average price of GBX 3.77 and a 200-day moving average price of GBX 4.54. The firm has a market cap of £13.72 million, a price-to-earnings ratio of -5.65 and a beta of 0.79.

Blackbird (LON:BIRD) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX (0.61) (($0.01)) earnings per share (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.