Bango (LON:BGO) Stock Price Up 4.1% – Time to Buy?

Shares of Bango PLC (LON:BGO) rose 4.1% during trading on Monday. The company traded as high as GBX 85 and last traded at GBX 82. 353,178 shares changed hands during trading, an increase of 125% from the average daily volume of 156,631 shares. The stock had previously closed at GBX 78.78.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on Bango from GBX 181 to GBX 160 and set a “buy” rating on the stock in a report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 160.

Bango Trading Up 1.0%

The firm has a market capitalization of £75.51 million, a price-to-earnings ratio of -14.89 and a beta of 0.67. The firm’s 50 day moving average is GBX 72.04 and its 200 day moving average is GBX 68.42. The company has a quick ratio of 2.37, a current ratio of 0.61 and a debt-to-equity ratio of 94.45.

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers. The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.