Audioboom Group (LON:BOOM) Shares Pass Above 50-Day Moving Average - Here's What Happened

Key Points

• Audioboom Group's shares surpassed their 50-day moving average of GBX 434.89, reaching a high of GBX 519.60 during trading.
• The company has a market capitalization of £93.38 million and a price-to-earnings ratio of 2,572.28.
• Company insiders possess 30.13% of the shares, with notable transactions including Stuart Last selling 10,660 shares and Michael Tobin purchasing 3,040 shares.

Shares of Audioboom Group plc (LON:BOOM - ) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 434.89 ($5.84) and traded as high as GBX 519.60 ($6.98). Audioboom Group shares last traded at GBX 506.22 ($6.80), with a volume of 59,037 shares.

Audioboom Group Stock Performance

The stock's 50 day moving average price is GBX 434.89 and its 200 day moving average price is GBX 393.07. The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63. The company has a market capitalization of £93.38 million, a price-to-earnings ratio of 2,572.28 and a beta of 1.21.

Insider Activity

In related news, insider Stuart Last sold 10,660 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of GBX 480, for a total value of £51,168. Also, insider Michael Tobin purchased 3,040 shares of the stock in a transaction on Thursday, July 17th. The stock was bought at an average cost of GBX 325 per share, for a total transaction of £9,880. Company insiders own 30.13% of the company's stock.

About Audioboom Group

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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