Blackbird (LON:BIRD) Trading Down 10% – Should You Sell?

Blackbird plc (LON:BIRD)’s share price was down 10% during trading on Tuesday . The stock traded as low as GBX 1.50 and last traded at GBX 1.53. Approximately 283,205 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 997,636 shares. The stock had previously closed at GBX 1.70.

Blackbird Trading Down 10.0%

The company has a market cap of £7.35 million, a P/E ratio of -2.51 and a beta of 0.80. The company has a 50-day simple moving average of GBX 2.12 and a 200 day simple moving average of GBX 2.32.

Blackbird (LON:BIRD) last issued its earnings results on Monday, March 23rd. The company reported GBX (0.62) EPS 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 related news, insider Ian McDonough bought 2,560,700 shares of Blackbird stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average cost of GBX 2 per share, with a total value 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.