Blackbird (LON:BIRD) Shares Up 16.8% – Still a Buy?

Blackbird plc (LON:BIRD)’s share price traded up 16.8% on Thursday. The company traded as high as GBX 1.60 and last traded at GBX 1.52. Approximately 2,438,684 shares changed hands during mid-day trading, an increase of 215% from the average daily volume of 773,781 shares. The stock had previously closed at GBX 1.30.

Blackbird Stock Performance

The company has a 50-day moving average price of GBX 1.34 and a 200-day moving average price of GBX 1.68. The firm has a market capitalization of £8.64 million, a price-to-earnings ratio of -2.90 and a beta of 0.90.

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.