Audioboom Group (LON:BOOM) Shares Pass Above 50 Day Moving Average – What’s Next?

Audioboom Group plc (LON:BOOMGet Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 356.66 ($4.42) and traded as high as GBX 385 ($4.77). Audioboom Group shares last traded at GBX 380 ($4.71), with a volume of 25,811 shares trading hands.

Audioboom Group Stock Down 2.4 %

The firm has a market capitalization of £60.75 million, a price-to-earnings ratio of -772.69 and a beta of 1.21. The company has a debt-to-equity ratio of 69.63, a current ratio of 1.06 and a quick ratio of 1.77. The business has a fifty day moving average price of GBX 361.51 and a two-hundred day moving average price of GBX 269.50.

Insider Buying and Selling

In other Audioboom Group news, insider Michael Tobin purchased 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of GBX 292 ($3.62) per share, with a total value of £14,600 ($18,093.94). 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.

Further Reading

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