Audioboom Group (LON:BOOM) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Audioboom Group plc (LON:BOOMGet Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 439.88 ($5.58) and traded as high as GBX 608 ($7.71). Audioboom Group shares last traded at GBX 594 ($7.53), with a volume of 79,312 shares trading hands.

Audioboom Group Price Performance

The company has a market capitalization of £114.42 million, a price-to-earnings ratio of -11.24 and a beta of 1.21. 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 business has a fifty day moving average price of GBX 439.88 and a 200 day moving average price of GBX 305.63.

Insider Buying and Selling

In related news, insider Michael Tobin purchased 2,700 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of GBX 370 ($4.69) per share, with a total value of £9,990 ($12,669.63). Insiders have bought a total of 10,000 shares of company stock valued at $3,282,400 over the last three months. Company insiders own 30.13% of the company’s stock.

About Audioboom Group

(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.

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