Blackbird (LON:BIRD) Shares Down 7.5% – What’s Next?

Blackbird plc (LON:BIRD) shares fell 7.5% on Wednesday . The company traded as low as GBX 4.88 ($0.06) and last traded at GBX 4.88 ($0.06). 101,153 shares traded hands during trading, a decline of 82% from the average session volume of 568,710 shares. The stock had previously closed at GBX 5.28 ($0.07).

Blackbird Stock Performance

The stock’s 50 day moving average is GBX 5.29 and its two-hundred day moving average is GBX 6.03. The firm has a market capitalization of £18.77 million, a P/E ratio of -485.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.12 and a quick ratio of 10.80.

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.