Blackbird (LON:BIRD) Hits New 12-Month Low – Time to Sell?

Blackbird plc (LON:BIRD) shares reached a new 52-week low on Monday . The company traded as low as GBX 1.40 and last traded at GBX 1.50, with a volume of 2298017 shares changing hands. The stock had previously closed at GBX 1.84.

Blackbird Stock Down 18.3%

The business’s 50-day simple moving average is GBX 2.06 and its two-hundred day simple moving average is GBX 2.28. The firm has a market cap of £7.20 million, a price-to-earnings ratio of -2.42 and a beta of 0.80.

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

Insider Buying and Selling

In other Blackbird news, insider Ian McDonough acquired 2,560,700 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of GBX 2 per share, with a total value of £51,214. Insiders own 20.80% of the company’s stock.

About Blackbird

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.