Blackbird (LON:BIRD) Shares Down 8.7% – Here’s Why

Blackbird plc (LON:BIRD) shares dropped 8.7% during trading on Tuesday . The company traded as low as GBX 2.10 and last traded at GBX 2.10. Approximately 1,200,249 shares traded hands during trading, an increase of 80% from the average daily volume of 667,021 shares. The stock had previously closed at GBX 2.30.

Blackbird Price Performance

The firm has a market cap of £10.36 million, a price-to-earnings ratio of -3.54 and a beta of 0.79. The firm’s fifty day moving average is GBX 2.52 and its two-hundred day moving average is GBX 2.71.

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.