Bango (LON:BGO) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Bango PLC (LON:BGO - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 81.23 ($1.09) and traded as low as GBX 76 ($1.02). Bango shares last traded at GBX 82.20 ($1.10), with a volume of 23,889 shares traded.

Bango Trading Down 0.6 %

The company's 50 day simple moving average is GBX 80.26 and its 200-day simple moving average is GBX 93.58. The firm has a market cap of £61.86 million, a P/E ratio of -8.88 and a beta of 0.36. The company has a quick ratio of 2.37, a current ratio of 0.71 and a debt-to-equity ratio of 37.64.

Insider Buying and Selling

In related news, insider Marcus Weldon purchased 16,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of GBX 125 ($1.68) per share, with a total value of £20,625 ($27,710.60). 37.91% of the stock is owned by corporate insiders.

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.