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

Key Points

• Audioboom Group plc shares recently surpassed their 50-day moving average, trading as high as GBX 385 ($5.11) before settling at GBX 353.90 ($4.70).
• The company's market capitalization is £70.06 million, with a P/E ratio of -6.88 and a significant debt-to-equity ratio of 69.63.
• Insider Michael Tobin bought 3,040 shares at an average price of GBX 325 ($4.31), indicating confidence in the firm's potential among the 30.13% of shares currently held by insiders.

Audioboom Group plc (LON:BOOM - ) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 353.03 ($4.69) and traded as high as GBX 385 ($5.11). Audioboom Group shares last traded at GBX 353.90 ($4.70), with a volume of 55,658 shares trading hands.

Audioboom Group Trading Down 6.9%

The firm has a market cap of £70.06 million, a P/E ratio of -6.88 and a beta of 1.21. 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 stock has a 50 day simple moving average of GBX 353.03 and a 200-day simple moving average of GBX 406.47.

Insiders Place Their Bets

In other Audioboom Group news, insider Michael Tobin purchased 3,040 shares of the firm's stock in a transaction on Thursday, July 17th. The stock was bought at an average price of GBX 325 ($4.31) per share, with a total value of £9,880 ($13,113.88). 30.13% of the stock is currently owned by insiders.

Audioboom Group Company Profile

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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