Audioboom Group (LON:BOOM) Stock Price Down 7.9% - Here's Why

Key Points

• Audioboom Group's stock experienced a significant decline of 7.9%, trading between GBX 580 ($7.82) and GBX 587.81 ($7.92) during mid-day.
• The company's insider activity revealed that Michael Tobin purchased 3,040 shares while Stuart Last sold 10,660 shares, indicating mixed insider sentiment.
• Audioboom is recognized as a leading player in podcasting, providing content for over 30 million unique listeners monthly, and is ranked as the fourth largest podcast publisher in the US.

Audioboom Group plc (LON:BOOM - ) fell 7.9% during mid-day trading on Monday . The stock traded as low as GBX 580 ($7.82) and last traded at GBX 587.81 ($7.92). 755,390 shares changed hands during mid-day trading, an increase of 485% from the average session volume of 129,155 shares. The stock had previously closed at GBX 638 ($8.60).

Audioboom Group Stock Performance

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 company has a market capitalization of £104.96 million, a PE ratio of 2,891.09 and a beta of 1.21. The company has a 50 day moving average price of GBX 455.79 and a 200 day moving average price of GBX 395.70.

Insider Activity

In other news, insider Michael Tobin acquired 3,040 shares of the business's stock in a transaction on Thursday, July 17th. The shares were purchased at an average price of GBX 325 per share, for a total transaction of £9,880. Also, insider Stuart Last sold 10,660 shares of Audioboom Group 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.

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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