Bango (LON:BGO) Stock Price Down 1% - Here's What Happened

Key Points

• Bango PLC stock price decreased by 1%, closing at GBX 91.54 on Thursday, with a notable 84% drop in trading volume compared to the average.
• Analysts maintain a "buy" rating for Bango, with a target price of GBX 244, indicating significant potential for price appreciation.
• Insider transactions showed mixed activity, with an insider selling 32,500 shares and another purchasing 1,978 shares recently, suggesting varied confidence in the company's future.

Bango PLC (LON:BGO - Get Free Report) fell 1% on Thursday . The stock traded as low as GBX 91.33 ($1.21) and last traded at GBX 91.54 ($1.22). 18,557 shares changed hands during trading, a decline of 84% from the average session volume of 118,702 shares. The stock had previously closed at GBX 92.50 ($1.23).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 244 price objective on shares of Bango in a report on Monday, September 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 244.

Bango Stock Down 1.0%

The firm has a 50-day moving average of GBX 96.40 and a two-hundred day moving average of GBX 89.67. The firm has a market capitalization of £70.46 million, a PE ratio of -2,660.93 and a beta of 0.36. The company has a current ratio of 0.71, a quick ratio of 2.37 and a debt-to-equity ratio of 37.64.

Insider Activity at Bango

In related news, insider Ray Anderson sold 32,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of GBX 101, for a total value of £32,825. Also, insider Paul Larbey purchased 1,978 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of GBX 91 per share, for a total transaction of £1,799.98. 12.25% of the stock is currently owned by insiders.

About Bango

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.

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