Blackbird (LON:BIRD) Trading Up 12.7% – Here’s What Happened

Shares of Blackbird plc (LON:BIRD) shot up 12.7% during trading on Thursday . The stock traded as high as GBX 4.93 ($0.06) and last traded at GBX 4.93 ($0.06). 461,657 shares were traded during trading, a decline of 16% from the average session volume of 547,993 shares. The stock had previously closed at GBX 4.38 ($0.05).

Blackbird Trading Up 8.0 %

The firm has a market capitalization of £18.29 million, a P/E ratio of -472.50 and a beta of 0.79. The company has a quick ratio of 10.80, a current ratio of 7.12 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of GBX 4.92 and a 200 day simple moving average of GBX 5.81.

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.