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

Audioboom Group plc (LON:BOOM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 436 ($5.32) and last traded at GBX 436 ($5.32), with a volume of 566482 shares trading hands. The stock had previously closed at GBX 405 ($4.94).

Audioboom Group Stock Up 7.7 %

The firm has a market cap of £71.42 million, a price-to-earnings ratio of -908.33 and a beta of 1.21. The stock’s 50 day moving average is GBX 314.76 and its 200 day moving average is GBX 255.15. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insider Activity

In other Audioboom Group news, insider Michael Tobin bought 10,620 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average cost of GBX 215 ($2.62) per share, for a total transaction of £22,833 ($27,875.72). In the last ninety days, insiders have bought 25,620 shares of company stock worth $5,758,300. 30.13% of the stock is owned by company insiders.

Audioboom Group Company Profile

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.