Bango (LON:BGO) Share Price Passes Below 50-Day Moving Average – What’s Next?

Bango PLC (LON:BGO) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 111.51 ($1.45) and traded as low as GBX 108.51 ($1.41). Bango shares last traded at GBX 111 ($1.44), with a volume of 404,774 shares trading hands.

Bango Stock Performance

The company has a debt-to-equity ratio of 37.64, a quick ratio of 2.37 and a current ratio of 0.70. The company has a market capitalization of £84.51 million, a P/E ratio of -1,224.11 and a beta of 0.36. The business’s fifty day simple moving average is GBX 111.16 and its 200-day simple moving average is GBX 124.90.

Insider Transactions at Bango

In other Bango news, insider Paul Larbey bought 8,716 shares of Bango stock in a transaction dated Friday, October 18th. The shares were purchased at an average cost of GBX 103 ($1.34) per share, for a total transaction of £8,977.48 ($11,642.43). Insiders own 37.91% of the company’s stock.

About Bango

Bango PLC, together with its subsidiaries, develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. The company offers Bango Payments, which connects online app stores and merchants. It also offers digital vending machine services for resellers and subscriptions providers to enable bundling of subscription services.