Blackbird (LON:BIRD) Shares Up 13.4% – Time to Buy?

Shares of Blackbird plc (LON:BIRD) shot up 13.4% during mid-day trading on Tuesday . The company traded as high as GBX 1.59 and last traded at GBX 1.59. 1,006,490 shares were traded during trading, a decline of 0% from the average session volume of 1,007,411 shares. The stock had previously closed at GBX 1.40.

Blackbird Price Performance

The firm has a market capitalization of £7.08 million, a P/E ratio of -2.38 and a beta of 0.99. The company’s 50 day moving average price is GBX 2.01 and its 200 day moving average price is GBX 2.26.

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

Insider Activity at Blackbird

In other news, insider Ian McDonough bought 2,560,700 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of GBX 2 per share, for a total transaction of £51,214. Company 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.