Blackbird (LON:BIRD) Stock Price Down 4.6% – What’s Next?

Blackbird plc (LON:BIRD)’s stock price was down 4.6% during trading on Wednesday . The company traded as low as GBX 7 ($0.09) and last traded at GBX 7.16 ($0.09). Approximately 357,526 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 732,616 shares. The stock had previously closed at GBX 7.50 ($0.10).

Blackbird Trading Down 4.6 %

The business has a 50 day moving average price of GBX 6.20 and a 200-day moving average price of GBX 5.73. The firm has a market capitalization of £27.70 million, a PE ratio of -715.50 and a beta of 0.79. The company has a current ratio of 7.12, a quick ratio of 10.80 and a debt-to-equity ratio of 0.33.

Insiders Place Their Bets

In other Blackbird news, insider Ian McDonough acquired 28,482 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of GBX 7 ($0.09) per share, for a total transaction of £1,993.74 ($2,603.47). 21.00% of the stock is currently owned by company insiders.

Blackbird Company Profile

Blackbird plc develops and operates a cloud-based video editing and publishing software platform under the Blackbird name in the United Kingdom, rest of Europe, North America, and internationally. The company's platform is used for video viewing, editing, and publishing. It serves news, sports, entertainment, and other sectors.