Blackbird (LON:BIRD) Shares Down 10.7%

Blackbird plc (LON:BIRD) traded down 10.7% on Friday . The company traded as low as GBX 6.03 ($0.08) and last traded at GBX 6.03 ($0.08). 599,782 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 853,242 shares. The stock had previously closed at GBX 6.75 ($0.09).

Blackbird Trading Down 11.1 %

The company has a debt-to-equity ratio of 0.33, a current ratio of 6.57 and a quick ratio of 10.80. The business’s 50-day moving average price is GBX 4.93 and its two-hundred day moving average price is GBX 5.88. The company has a market capitalization of £23.23 million, a price-to-earnings ratio of -675.00 and a beta of 0.87.

Insider Activity

In other Blackbird news, insider Ian McDonough purchased 157,893 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £6,315.72 ($8,089.82). 25.72% of the stock is owned by company insiders.

Blackbird Company Profile

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.