Blackbird (LON:BIRD) Shares Down 11.1% – What’s Next?

Blackbird plc (LON:BIRD)’s share price fell 11.1% on Friday . The company traded as low as GBX 1.60 and last traded at GBX 1.60. 181,823 shares traded hands during trading, a decline of 81% from the average session volume of 978,359 shares. The stock had previously closed at GBX 1.80.

Blackbird Stock Down 11.1%

The company’s fifty day simple moving average is GBX 1.92 and its 200 day simple moving average is GBX 2.21. The firm has a market capitalization of £7.68 million, a PE ratio of -2.58 and a beta of 0.99.

Blackbird (LON:BIRD) last issued its quarterly earnings data on Monday, March 23rd. The company reported GBX (0.62) EPS for the quarter. Blackbird had a negative return on equity of 40.32% and a negative net margin of 188.48%.

Insiders Place Their Bets

In other news, insider Ian McDonough purchased 2,560,700 shares of Blackbird stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average cost of GBX 2 per share, with a total value of £51,214. 20.80% of the stock is currently owned by insiders.

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.