Blackbird (LON:BIRD) Shares Up 11.7% – Here’s Why

Shares of Blackbird plc (LON:BIRD) shot up 11.7% during mid-day trading on Thursday . The company traded as high as GBX 1.68 and last traded at GBX 1.68. 483,606 shares were traded during trading, a decline of 38% from the average daily volume of 785,527 shares. The stock had previously closed at GBX 1.50.

Blackbird Trading Up 11.7%

The business has a fifty day simple moving average of GBX 1.74 and a 200 day simple moving average of GBX 1.98. The stock has a market capitalization of £8.04 million, a P/E ratio of -2.70 and a beta of 0.95.

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.