Audioboom Group (LON:BOOM) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Audioboom Group plc (LON:BOOM - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 355.52 ($4.85) and traded as low as GBX 335 ($4.57). Audioboom Group shares last traded at GBX 345.75 ($4.72), with a volume of 58,396 shares traded.

Audioboom Group Stock Performance

The company's 50-day moving average price is GBX 353.81 and its 200 day moving average price is GBX 413.12. The company has a debt-to-equity ratio of 69.63, a quick ratio of 1.77 and a current ratio of 1.06. The stock has a market capitalization of £68.30 million, a PE ratio of -6.71 and a beta of 1.21.

Insider Activity

In other Audioboom Group news, insider Michael Tobin purchased 6,600 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of GBX 297 ($4.05) per share, for a total transaction of £19,602 ($26,745.80). In the last three months, insiders have bought 10,700 shares of company stock valued at $3,332,400. 30.13% of the stock is owned by company 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.