Blackbird (LON:BIRD) Trading 6.7% Higher – Time to Buy?

Blackbird plc (LON:BIRD) shot up 6.7% on Friday . The stock traded as high as GBX 4 ($0.05) and last traded at GBX 4 ($0.05). 1,496,435 shares changed hands during trading, an increase of 150% from the average session volume of 599,572 shares. The stock had previously closed at GBX 3.75 ($0.05).

Blackbird Stock Performance

The firm has a 50 day moving average price of GBX 4.36 and a two-hundred day moving average price of GBX 5.37. The company has a market cap of £15.84 million, a P/E ratio of -6.53 and a beta of 0.79.

Blackbird (LON:BIRD) last posted 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 return on equity of 28.27% and a negative net margin of 147.18%.

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.