Audioboom Group (LON:BOOM) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Audioboom Group plc (LON:BOOM)’s share 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 Up 4.7 %

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 business’s 50 day moving average price is GBX 210.08 and its 200 day moving average price is GBX 229.16. The firm has a market cap of £36.86 million, a price-to-earnings ratio of -464.17 and a beta of 1.21.

Insider Buying and Selling at Audioboom Group

In related news, insider Michael Tobin acquired 4,380 shares of Audioboom Group stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of GBX 510 ($6.43) per share, for a total transaction of £22,338 ($28,151.23). Over the last quarter, insiders bought 30,000 shares of company stock valued at $7,647,100. Corporate 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.