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

Audioboom Group plc (LON:BOOMGet Free Report)’s share price passed 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 Price Performance

The stock’s 50 day moving average is GBX 361.51 and its two-hundred day moving average is GBX 269.50. 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 capitalization of £60.75 million, a PE ratio of -772.69 and a beta of 1.21.

Insider Transactions at Audioboom Group

In other Audioboom Group news, insider Michael Tobin acquired 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of GBX 292 ($3.62) per share, for a total transaction of £14,600 ($18,093.94). Corporate insiders own 30.13% of the company’s stock.

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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