Audioboom Group (LON:BOOM) Shares Cross Below 200-Day Moving Average – What’s Next?

Audioboom Group plc (LON:BOOM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 229.45 ($2.89) and traded as low as GBX 196 ($2.47). Audioboom Group shares last traded at GBX 205 ($2.58), with a volume of 38,103 shares traded.

Audioboom Group Stock Performance

The firm has a 50 day moving average of GBX 210.08 and a 200-day moving average of GBX 229.16. The company has a market cap of £36.86 million, a P/E ratio of -464.17 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 related news, insider Michael Tobin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of GBX 198 ($2.50) per share, with a total value of £9,900 ($12,476.37). Over the last ninety days, insiders bought 30,000 shares of company stock worth $7,647,100. 30.13% of the stock is owned by corporate insiders.

About Audioboom Group

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.