Blackbird (LON:BIRD) Stock Price Up 25.7% – Here’s Why

Blackbird plc (LON:BIRD) shares traded up 25.7% on Monday. The company traded as high as GBX 4 and last traded at GBX 3.80. Approximately 1,596,838 shares were traded during trading, an increase of 37% from the average session volume of 1,169,165 shares. The stock had previously closed at GBX 3.02.

Blackbird Stock Performance

The stock has a market capitalization of £18.25 million, a P/E ratio of -7.04 and a beta of 0.83. The firm has a fifty day moving average price of GBX 1.70 and a two-hundred day moving average price of GBX 1.75.

Blackbird (LON:BIRD) last issued its quarterly earnings data on Monday, September 28th. The company reported GBX (0.32) EPS for the quarter. Blackbird had a negative return on equity of 39.59% and a negative net margin of 189.99%.

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.