Bango (LON:BGO) Stock Price Passes Above 50-Day Moving Average - What's Next?

Bango PLC (LON:BGO - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 91.07 ($1.23) and traded as high as GBX 92.50 ($1.25). Bango shares last traded at GBX 90.05 ($1.21), with a volume of 11,383 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 244 ($3.29) target price on shares of Bango in a research note on Monday, June 9th.

Bango Stock Down 0.1%

The stock has a market capitalization of £69.06 million, a price-to-earnings ratio of -9.91 and a beta of 0.36. The firm has a 50 day simple moving average of GBX 90.81 and a 200-day simple moving average of GBX 89.31. The company has a debt-to-equity ratio of 37.64, a current ratio of 0.71 and a quick ratio of 2.37.

Insider Activity

In other news, insider Paul Larbey purchased 10,638 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of GBX 84 ($1.13) per share, with a total value of £8,935.92 ($12,051.14). In the last ninety days, insiders have bought 27,124 shares of company stock worth $2,284,267. Company insiders own 37.91% of the company's stock.

Bango Company Profile

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers. The world's largest content providers, including Amazon NASDAQ: AMZN, Google NASDAQ: GOOG and Microsoft NASDAQ: MSFT trust Bango technology to reach subscribers everywhere. Bango, where people subscribe.