Blackbird (LON:BIRD) Shares Climb 16.8% – Here’s Why

Blackbird plc (LON:BIRD – Get Free Report)’s share price traded up 16.8% during mid-day trading on Thursday. The company traded as high as GBX 1.60 and last traded at GBX 1.52. 2,438,684 shares traded hands during trading, an increase of 215% from the average session volume of 773,781 shares. The stock had previously closed at GBX 1.30.

Blackbird Trading Up 16.8%

The stock has a market cap of £7.29 million, a P/E ratio of -2.45 and a beta of 0.90. The firm’s 50-day simple moving average is GBX 1.34 and its 200 day simple moving average is GBX 1.68.

About Blackbird

(Get Free Report)

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.

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