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

Blackbird plc (LON:BIRD) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1.40 and last traded at GBX 1.50, with a volume of 2298017 shares changing hands. The stock had previously closed at GBX 1.84.

Blackbird Trading Down 18.3%

The firm has a 50-day simple moving average of GBX 2.06 and a two-hundred day simple moving average of GBX 2.28. The company has a market capitalization of £7.20 million, a price-to-earnings ratio of -2.42 and a beta of 0.80.

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

Insider Transactions at Blackbird

In related news, insider Ian McDonough acquired 2,560,700 shares of the stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £51,214. 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.