Blackbird (LON:BIRD) Shares Up 15.8% – What’s Next?

Shares of Blackbird plc (LON:BIRD) traded up 15.8% during mid-day trading on Friday . The stock traded as high as GBX 5.50 ($0.07) and last traded at GBX 5.50 ($0.07). 881,948 shares traded hands during trading, an increase of 55% from the average session volume of 568,645 shares. The stock had previously closed at GBX 4.75 ($0.06).

Blackbird Stock Performance

The firm has a fifty day simple moving average of GBX 4.85 and a 200 day simple moving average of GBX 5.72. The company has a market cap of £21.78 million, a PE ratio of -8.97 and a beta of 0.79.

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.