Blackbird (LON:BIRD) Trading Up 11.5% – Here’s What Happened
by Tristan Rich · The Markets DailyBlackbird plc (LON:BIRD – Get Free Report) traded up 11.5% on Friday . The company traded as high as GBX 1.97 and last traded at GBX 1.90. 206,598 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,067,380 shares. The stock had previously closed at GBX 1.70.
Blackbird Stock Up 11.5%
The business’s fifty day moving average is GBX 2.09 and its 200 day moving average is GBX 2.31. The firm has a market capitalization of £9.10 million, a price-to-earnings ratio of -3.06 and a beta of 0.80.
Blackbird (LON:BIRD – Get Free Report) last issued its earnings results on Monday, March 23rd. The company reported GBX (0.62) earnings per share for the quarter. Blackbird had a negative net margin of 188.48% and a negative return on equity of 40.32%.
Insider Buying and Selling
In other news, insider Ian McDonough bought 2,560,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was 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.