Bango (LON:BGO) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Bango (LON:BGO - Free Report) in a report released on Thursday, Marketbeat reports. Canaccord Genuity Group currently has a GBX 244 ($3.28) price target on the stock.

Bango Stock Performance

Shares of LON BGO traded up GBX 2.70 ($0.04) during trading on Thursday, hitting GBX 92.70 ($1.25). The company had a trading volume of 171,117 shares, compared to its average volume of 122,200. The stock has a 50 day simple moving average of GBX 89.44 and a 200 day simple moving average of GBX 88.57. The firm has a market capitalization of £71.22 million, a P/E ratio of -10.22 and a beta of 0.36. Bango has a 12 month low of GBX 61.50 ($0.83) and a 12 month high of GBX 150 ($2.02). The company has a debt-to-equity ratio of 37.64, a quick ratio of 2.37 and a current ratio of 0.71.

Insider Activity

In related news, insider Paul Larbey bought 10,638 shares of the business's stock in a transaction dated Monday, June 9th. The shares were purchased at an average price of GBX 84 ($1.13) per share, with a total value of £8,935.92 ($12,007.42). Over the last 90 days, insiders purchased 27,124 shares of company stock worth $2,284,267. 37.91% of the stock is owned by corporate 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.