Blackbird (LON:BIRD) Shares Down 12.7% – Here’s What Happened

Shares of Blackbird plc (LON:BIRDGet Free Report) were down 12.7% on Friday . The stock traded as low as GBX 1.30 and last traded at GBX 1.31. 245,575 shares changed hands during trading, a decline of 67% from the average daily volume of 737,604 shares. The stock had previously closed at GBX 1.50.

Blackbird Stock Down 12.7%

The stock has a fifty day moving average price of GBX 1.66 and a two-hundred day moving average price of GBX 1.91. The company has a market cap of £6.29 million, a price-to-earnings ratio of -2.11 and a beta of 0.94.

About Blackbird

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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.

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