Blackbird (LON:BIRD) Stock Price Down 3.7% – Here’s What Happened

Blackbird plc (LON:BIRD)’s stock price fell 3.7% during trading on Thursday . The company traded as low as GBX 1.82 and last traded at GBX 1.98. 924,750 shares were traded during trading, a decline of 4% from the average session volume of 967,758 shares. The stock had previously closed at GBX 2.05.

Blackbird Stock Down 3.3%

The business has a 50 day moving average price of GBX 2.06 and a two-hundred day moving average price of GBX 2.28. The stock has a market cap of £8.82 million, a P/E ratio of -2.96 and a beta of 0.80.

Blackbird (LON:BIRD) last posted its quarterly earnings results on Monday, March 23rd. The company reported GBX (0.62) EPS for the quarter. Blackbird had a negative return on equity of 40.32% and a negative net margin of 188.48%.

Insiders Place Their Bets

In related news, insider Ian McDonough purchased 2,560,700 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £51,214. Insiders own 20.80% of the company’s stock.

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.