Audioboom Group (LON:BOOM) Hits New 52-Week High – Still a Buy?

Shares of Audioboom Group plc (LON:BOOM) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 420 ($5.13) and last traded at GBX 420 ($5.13), with a volume of 50214 shares traded. The stock had previously closed at GBX 395 ($4.82).

Audioboom Group Stock Down 0.7 %

The firm has a 50-day moving average price of GBX 306.73 and a two-hundred day moving average price of GBX 253.04. The company has a market capitalization of £66.18 million, a P/E ratio of -841.67 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insiders Place Their Bets

In other Audioboom Group news, insider Michael Tobin acquired 5,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of GBX 205 ($2.50) per share, for a total transaction of £10,250 ($12,515.26). Insiders have purchased 25,620 shares of company stock worth $5,758,300 in the last ninety days. Insiders own 30.13% of the company’s stock.

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.