Blackbird (LON:BIRD) Shares Down 3.1% – Here’s What Happened

Blackbird plc (LON:BIRD) shares dropped 3.1% during mid-day trading on Monday . The stock traded as low as GBX 1.55 and last traded at GBX 1.55. Approximately 590,028 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 827,713 shares. The stock had previously closed at GBX 1.60.

Blackbird Price Performance

The stock’s fifty day moving average is GBX 1.77 and its 200-day moving average is GBX 2.02. The stock has a market capitalization of £7.44 million, a PE ratio of -2.50 and a beta of 0.95.

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.