Blinkx (BLNX) Share Price London Stock Exchange October 28
With shares valued at a fraction of their worth the same time last year, several investors might be willing to take a chance scooping up shares of this internet media middleman.
Opening today at 28.75, up from 28.50 from yesterday’s close, Blinkx had a tumultuous morning characterised by erratic ups and downs. However, things have since levelled out and horizontal movement has established itself. Today’s activity has revealed a substantial 67.33% of volume falling under shares sold.
Revenue has slowed down for the company with a report earlier this month showing a near 15% drop below analysts’ forecasts. The company has since marked sequential month-to-month growth believing to have reached a turning point.
In other news this month for Blinks, the company has reportedly expanded its partnership with Integral Ad Science (IAS) in regard to brand safety. The move comes as an effort to ensure that the quality of the brand’s audience will consistently meet the requirements set by advertisers.