Blackbird (LON:BIRD) Trading Down 27% – Should You Sell?

Blackbird plc (LON:BIRD)’s stock price dropped 27% on Tuesday . The stock traded as low as GBX 4.17 ($0.05) and last traded at GBX 4.38 ($0.06). Approximately 1,851,262 shares traded hands during mid-day trading, an increase of 199% from the average daily volume of 620,137 shares. The stock had previously closed at GBX 6 ($0.08).

Blackbird Stock Performance

The stock has a market cap of £18.53 million, a P/E ratio of -7.64 and a beta of 0.79. The stock has a 50-day moving average price of GBX 4.92 and a 200-day moving average price of GBX 5.72.

Blackbird (LON:BIRD) last announced its earnings results on Tuesday, March 4th. The company reported GBX (0.61) (($0.01)) earnings per share (EPS) for the quarter. Blackbird had a negative net margin of 147.18% and a negative return on equity of 28.27%.

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.