Audioboom Group (LON:BOOM) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Audioboom Group plc (LON:BOOMGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 522.63 and traded as low as GBX 450. Audioboom Group shares last traded at GBX 451, with a volume of 18,501 shares.

Audioboom Group Trading Up 5.4%

The company has a current ratio of 1.64, a quick ratio of 1.77 and a debt-to-equity ratio of 4.85. The business’s fifty day simple moving average is GBX 454.13 and its two-hundred day simple moving average is GBX 521.81. The stock has a market capitalization of £88.78 million, a P/E ratio of 34.75 and a beta of 1.25.

Insider Transactions at Audioboom Group

In related news, insider Stuart Last sold 7,000 shares of Audioboom Group stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of GBX 470, for a total transaction of £32,900. Also, insider Michael Tobin purchased 5,810 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average price of GBX 478 per share, for a total transaction of £27,771.80. 30.13% of the stock is currently owned by corporate insiders.

About Audioboom Group

(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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