Blackbird (LON:BIRD) Trading Down 7.5% – Should You Sell?

Shares of Blackbird plc (LON:BIRD) fell 7.5% during trading on Wednesday . The stock traded as low as GBX 4.88 ($0.06) and last traded at GBX 4.88 ($0.06). 101,153 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 568,710 shares. The stock had previously closed at GBX 5.28 ($0.07).

Blackbird Trading Down 7.5 %

The company has a 50 day moving average of GBX 5.34 and a 200 day moving average of GBX 6.04. The firm has a market cap of £18.89 million, a price-to-earnings ratio of -488.00 and a beta of 0.79. The company has a current ratio of 7.12, a quick ratio of 10.80 and a debt-to-equity ratio of 0.33.

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.