Audioboom Group (LON:BOOM) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Audioboom Group plc (LON:BOOMGet Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 544.49 and traded as low as GBX 460. Audioboom Group shares last traded at GBX 460, with a volume of 22,258 shares trading hands.

Audioboom Group Stock Performance

The firm’s 50 day moving average price is GBX 477.38 and its 200-day moving average price is GBX 543.92. The firm has a market cap of £83.78 million, a price-to-earnings ratio of 88.94 and a beta of 1.25. The company has a debt-to-equity ratio of 4.85, a current ratio of 1.64 and a quick ratio of 1.77.

Insiders Place Their Bets

In other news, insider Stuart Last sold 7,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of GBX 470, for a total transaction of £32,900. Also, insider Michael Tobin acquired 5,810 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of GBX 478 per share, with a total value of £27,771.80. 30.13% of the stock is owned by corporate 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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