Blackbird (LON:BIRD) Stock Price Up 8.1% – Here’s Why

Blackbird plc (LON:BIRD) shares traded up 8.1% during mid-day trading on Monday . The stock traded as high as GBX 4.94 ($0.07) and last traded at GBX 4.94 ($0.07). 290,978 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 515,582 shares. The stock had previously closed at GBX 4.57 ($0.06).

Blackbird Price Performance

The stock has a market capitalization of £21.38 million, a P/E ratio of -8.81 and a beta of 0.79. The company has a 50 day simple moving average of GBX 3.94 and a 200-day simple moving average of GBX 4.43.

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.