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

Audioboom Group plc (LON:BOOM)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 519.80 and traded as low as GBX 483.33. Audioboom Group shares last traded at GBX 490, with a volume of 70,130 shares traded.

Audioboom Group Price Performance

The company has a debt-to-equity ratio of 4.85, a current ratio of 1.64 and a quick ratio of 1.77. The firm has a market capitalization of £90.59 million, a PE ratio of 35.46 and a beta of 1.25. The business’s 50 day moving average is GBX 459.17 and its two-hundred day moving average is GBX 519.33.

Insider Buying and Selling

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

About Audioboom Group

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.