Blackbird (LON:BIRD) Shares Up 13.8% – Here’s Why

Blackbird plc (LON:BIRD)’s stock price shot up 13.8% during trading on Tuesday . The company traded as high as GBX 2.68 ($0.04) and last traded at GBX 2.68 ($0.04). 352,541 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 616,804 shares. The stock had previously closed at GBX 2.35 ($0.03).

Blackbird Price Performance

The firm has a fifty day simple moving average of GBX 2.63 and a 200 day simple moving average of GBX 3.37. The company has a market cap of £12.25 million, a price-to-earnings ratio of -438.52 and a beta of 0.79.

Blackbird (LON:BIRD) last announced its quarterly earnings results on Monday, September 29th. The company reported GBX (0.40) EPS for the quarter. Blackbird had a negative net margin of 147.18% and a negative return on equity of 28.27%.

Blackbird Company Profile

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.