Blackbird (LON:BIRD) Reaches New 52-Week Low – Here’s Why

Blackbird plc (LON:BIRD)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as GBX 1.30 and last traded at GBX 1.58, with a volume of 290257 shares. The stock had previously closed at GBX 1.50.

Blackbird Stock Performance

The stock has a market cap of £7.57 million, a PE ratio of -2.54 and a beta of 0.94. The company’s 50-day moving average price is GBX 1.73 and its two-hundred day moving average price is GBX 1.95.

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.