Audioboom Group (LON:BOOM) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Audioboom Group plc (LON:BOOMGet Free Report)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 491.08 ($6.35) and traded as high as GBX 506.90 ($6.55). Audioboom Group shares last traded at GBX 492 ($6.36), with a volume of 66,045 shares trading hands.

Audioboom Group Stock Up 1.8 %

The company has a debt-to-equity ratio of 69.63, a current ratio of 1.06 and a quick ratio of 1.77. The firm’s 50 day moving average price is GBX 491.08 and its two-hundred day moving average price is GBX 342.93. The firm has a market cap of £97.40 million, a price-to-earnings ratio of -9.57 and a beta of 1.21.

Insiders Place Their Bets

In other news, insider Michael Tobin bought 2,700 shares of the stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of GBX 370 ($4.78) per share, with a total value of £9,990 ($12,908.64). 30.13% of the stock is owned by insiders.

Audioboom Group Company Profile

(Get Free Report)

Audioboom is a global leader in podcasting – our shows are downloaded more than 98 million times each month by 30 million unique listeners around the world. Audioboom is ranked as the fourth largest podcast publisher in the US by Triton Digital.

Audioboom’s ad-tech and monetisation platform underpins a scalable content business that provides commercial services for a premium network of 250 top tier podcasts, with key partners including ‘Casefile True Crime’ (US), ‘Morbid’ (US), ‘True Crime Obsessed’ (US), ‘The Morning Toast’ (US), ‘No Such Thing As A Fish’ (UK), and ‘The Cycling Podcast’ (UK).

The Audioboom Originals Network is a slate of content developed and produced by Audioboom including ‘Dark Air with Terry Carnation’, ‘RELAX!’, ‘Baby Mamas No Dramas’, ‘Covert’, ‘It’s Happening with Snooki & Joey’, ‘Mafia’, ‘Huddled Masses’ and ‘What Makes A Killer’.

Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia.

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