Blackbird (LON:BIRD) Trading Down 5.1% – Should You Sell?

Blackbird plc (LON:BIRD)’s stock price dropped 5.1% on Wednesday . The company traded as low as GBX 2.71 ($0.04) and last traded at GBX 2.71 ($0.04). Approximately 66,306 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 570,383 shares. The stock had previously closed at GBX 2.85 ($0.04).

Blackbird Stock Performance

The firm has a market capitalization of £11.52 million, a P/E ratio of -443.61 and a beta of 0.79. The business’s fifty day moving average price is GBX 3.02 and its two-hundred day moving average price is GBX 3.76.

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.