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

Key Points

• Audioboom Group's share price has recently surpassed its 50-day moving average of GBX 361.44, reaching a high of GBX 510 during trading.
• The company's market capitalization is £93.53 million, with a negative P/E ratio of -9.19, indicating challenges in profitability.
• Insider Michael Tobin purchased 3,040 shares at an average cost of GBX 325, increasing insider ownership to 30.13% of the company's stock.

Audioboom Group plc (LON:BOOM - )'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 361.44 ($4.87) and traded as high as GBX 510 ($6.88). Audioboom Group shares last traded at GBX 485 ($6.54), with a volume of 173,816 shares traded.

Audioboom Group Stock Down 4.1%

The stock has a fifty day moving average of GBX 361.44 and a 200 day moving average of GBX 406.70. The firm has a market capitalization of £93.53 million, a P/E ratio of -9.19 and a beta of 1.21. The company has a debt-to-equity ratio of 69.63, a current ratio of 1.06 and a quick ratio of 1.77.

Insider Buying and Selling

In other Audioboom Group news, insider Michael Tobin purchased 3,040 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The shares were acquired 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.

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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