Audioboom Group (LON:BOOM) Hits New 1-Year High – Here’s What Happened

Audioboom Group plc (LON:BOOM) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 395 ($4.94) and last traded at GBX 380 ($4.75), with a volume of 155174 shares trading hands. The stock had previously closed at GBX 380 ($4.75).

Audioboom Group Stock Down 7.4 %

The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63. The stock has a market capitalization of £56.51 million, a PE ratio of -718.75 and a beta of 1.21. The stock’s fifty day simple moving average is GBX 251.75 and its 200-day simple moving average is GBX 238.08.

Insiders Place Their Bets

In related news, insider Michael Tobin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of GBX 292 ($3.65) per share, for a total transaction of £14,600 ($18,247.72). Insiders have bought a total of 25,620 shares of company stock valued at $5,758,300 in the last 90 days. 30.13% of the stock is currently owned by corporate insiders.

About Audioboom Group

Audioboom Group plc, a podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States. The company's platform allows content distributed through Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook, and Twitter, as well as a partner's own websites and mobile apps.