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

Key Points

• Audioboom Group plc's stock price has crossed above its 50-day moving average of GBX 525.15, trading at GBX 586.70 on Friday, which indicates positive momentum in the market.
• Insider Stuart Last sold 10,660 shares at an average price of GBX 480, resulting in a total transaction value of £51,168, with insiders currently owning 30.13% of the company's stock.
• Audioboom Group ranks as the fourth largest podcast publisher in the US and has a robust ad-tech platform supporting a premium network of 250 podcasts with significant global reach.

Audioboom Group plc (LON:BOOM - ) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 525.15 ($6.99) and traded as high as GBX 590 ($7.86). Audioboom Group shares last traded at GBX 586.70 ($7.81), with a volume of 25,631 shares changing hands.

Audioboom Group Trading Up 0.3%

The company has a market cap of £105.44 million, a PE ratio of 29.04 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63. The business has a 50-day simple moving average of GBX 525.15 and a 200-day simple moving average of GBX 412.45.

Insider Transactions at Audioboom Group

In other Audioboom Group news, insider Stuart Last sold 10,660 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of GBX 480, for a total value of £51,168. 30.13% of the stock is currently owned by insiders.

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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