Audioboom Group (LON:BOOM) Trading 10.8% Higher – Still a Buy?

Audioboom Group plc (LON:BOOM)’s share price traded up 10.8% on Monday . The company traded as high as GBX 599.92 ($7.57) and last traded at GBX 596 ($7.52). 158,023 shares were traded during mid-day trading, an increase of 5% from the average session volume of 150,409 shares. The stock had previously closed at GBX 538 ($6.79).

Audioboom Group Stock Performance

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 stock has a market capitalization of £123.13 million, a PE ratio of -12.10 and a beta of 1.21. The stock has a 50 day moving average of GBX 404.02 and a two-hundred day moving average of GBX 287.32.

Insiders Place Their Bets

In other news, insider Michael Tobin bought 2,300 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of GBX 358 ($4.52) per share, for a total transaction of £8,234 ($10,387.28). Over the last ninety days, insiders have bought 10,000 shares of company stock worth $3,282,400. 30.13% of the stock is owned by corporate insiders.

Audioboom Group Company Profile

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.