Shares of Audioboom Group plc (LON:BOOM - Get Free Report) rose 11.1% during trading on Thursday following insider buying activity. The stock traded as high as GBX 337 ($4.52) and last traded at GBX 316.66 ($4.25). Approximately 220,206 shares changed hands during trading, an increase of 85% from the average daily volume of 119,207 shares. The stock had previously closed at GBX 285 ($3.82).
Specifically, insider Michael Tobin acquired 3,040 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were purchased at an average price of GBX 325 ($4.36) per share, for a total transaction of £9,880 ($13,252.85).
Audioboom Group Trading Up 8.2%
The stock has a market capitalization of £71.76 million, a PE ratio of -7.05 and a beta of 1.21. The company's 50 day moving average price is GBX 349.93 and its two-hundred day moving average price is GBX 409.72. The company has a debt-to-equity ratio of 69.63, a current ratio of 1.06 and a quick ratio of 1.77.
About Audioboom Group
(
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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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