Blackbird (LON:BIRD) Stock Price Down 11.7% – Here’s What Happened

Blackbird plc (LON:BIRD) shares dropped 11.7% during trading on Monday . The stock traded as low as GBX 1.68 and last traded at GBX 1.68. 505,370 shares traded hands during trading, a decline of 44% from the average session volume of 906,804 shares. The stock had previously closed at GBX 1.90.

Blackbird Price Performance

The firm has a market capitalization of £8.04 million, a price-to-earnings ratio of -2.70 and a beta of 0.95. The stock has a 50 day moving average price of GBX 1.92 and a two-hundred day moving average price of GBX 2.12.

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

Insider Transactions at Blackbird

In other Blackbird news, insider Ian McDonough purchased 2,560,700 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of GBX 2 per share, for a total transaction of £51,214. 17.37% of the stock is owned by company insiders.

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.