Audioboom Group (LON:BOOM) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Audioboom Group plc (LON:BOOM) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 544.50 and traded as high as GBX 680. Audioboom Group shares last traded at GBX 649, with a volume of 313,609 shares changing hands.

Audioboom Group Stock Down 3.1%

The company has a debt-to-equity ratio of 69.63, a quick ratio of 1.77 and a current ratio of 1.06. The stock has a market cap of £113.22 million, a P/E ratio of 31.19 and a beta of 1.21. The stock’s fifty day simple moving average is GBX 544.50 and its 200-day simple moving average is GBX 423.94.

Insider Transactions at Audioboom Group

In other Audioboom Group news, insider Stuart Last sold 10,660 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of GBX 480, for a total value of £51,168. 30.13% of the stock is owned by corporate insiders.

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.