Blackbird (LON:BIRD) Hits New 1-Year Low – Here’s Why

Blackbird plc (LON:BIRD)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1.70 and last traded at GBX 2.30, with a volume of 289530 shares trading hands. The stock had previously closed at GBX 2.30.

Blackbird Price Performance

The firm has a fifty day moving average of GBX 2.24 and a two-hundred day moving average of GBX 2.42. The stock has a market capitalization of £9.61 million, a P/E ratio of -3.28 and a beta of 0.80.

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.