Audioboom Group (LON:BOOM) Stock Crosses Below 50-Day Moving Average – What’s Next?

Shares of Audioboom Group plc (LON:BOOM) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 212.28 ($2.75) and traded as low as GBX 202.50 ($2.63). Audioboom Group shares last traded at GBX 202.50 ($2.63), with a volume of 61,925 shares trading hands.

Audioboom Group Price Performance

The firm has a market capitalization of £33.48 million, a price-to-earnings ratio of -421.88 and a beta of 1.21. The company has a fifty day moving average price of GBX 212.28 and a two-hundred day moving average price of GBX 231.28. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insider Buying and Selling

In related news, insider Michael Tobin purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of GBX 223 ($2.89) per share, with a total value of £11,150 ($14,459.86). Insiders purchased a total of 33,000 shares of company stock valued at $8,322,100 over the last three months. 30.13% of the stock is currently owned by company 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.