Audioboom Group (LON:BOOM) Stock Crosses Below 50-Day Moving Average – What’s Next?

Audioboom Group plc (LON:BOOMGet Free Report)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 212.28 ($2.75) and traded as low as GBX 202.50 ($2.63). Audioboom Group shares last traded at GBX 202.50 ($2.63), with a volume of 61,925 shares changing hands.

Audioboom Group Stock Performance

The company has a market capitalization of £33.48 million, a PE ratio of -421.88 and a beta of 1.21. The company has a debt-to-equity ratio of 69.63, a quick ratio of 1.77 and a current ratio of 1.06. The company has a 50 day moving average price of GBX 212.28 and a 200 day moving average price of GBX 231.28.

Insider Activity

In other news, insider Michael Tobin purchased 4,380 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of GBX 510 ($6.61) per share, with a total value of £22,338 ($28,969.01). In the last three months, insiders acquired 33,000 shares of company stock worth $8,322,100. 30.13% of the stock is currently owned by insiders.

About Audioboom Group

(Get Free Report)

Audioboom Group plc, a podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States. The company's platform allows content distributed through Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook, and Twitter, as well as a partner's own websites and mobile apps.

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