Blackbird (LON:BIRD) Trading Down 8.7% – Should You Sell?

Blackbird plc (LON:BIRDGet Free Report) shares dropped 8.7% during trading on Monday . The stock traded as low as GBX 5.06 ($0.06) and last traded at GBX 5.25 ($0.07). Approximately 332,089 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 653,756 shares. The stock had previously closed at GBX 5.75 ($0.07).

Blackbird Price Performance

The business has a 50-day moving average of GBX 6.52 and a 200 day moving average of GBX 5.97. The firm has a market capitalization of £20.32 million, a P/E ratio of -502.50 and a beta of 0.79. The company has a current ratio of 7.12, a quick ratio of 10.80 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling at Blackbird

In other Blackbird news, insider Ian McDonough acquired 28,482 shares of the company’s stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of GBX 7 ($0.09) per share, with a total value of £1,993.74 ($2,543.36). Insiders own 21.00% of the company’s stock.

Blackbird Company Profile

(Get Free Report)

Blackbird plc develops and operates a cloud-based video editing and publishing software platform under the Blackbird name in the United Kingdom, rest of Europe, North America, and internationally. The company's platform is used for video viewing, editing, and publishing. It serves news, sports, entertainment, and other sectors.

Further Reading

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