Blackbird (LON:BIRD) Trading Down 4.7% – Should You Sell?

Shares of Blackbird plc (LON:BIRD) were down 4.7% during trading on Thursday . The company traded as low as GBX 4.50 ($0.06) and last traded at GBX 4.50 ($0.06). Approximately 1,329,016 shares traded hands during mid-day trading, an increase of 147% from the average daily volume of 537,559 shares. The stock had previously closed at GBX 4.72 ($0.06).

Blackbird Price Performance

The stock has a 50-day moving average of GBX 4 and a 200 day moving average of GBX 4.42. The stock has a market capitalization of £18.33 million, a price-to-earnings ratio of -7.56 and a beta of 0.79.

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.