Audioboom Group (LON:BOOM) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of Audioboom Group plc (LON:BOOMGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 358.27 ($4.82) and traded as high as GBX 369.70 ($4.97). Audioboom Group shares last traded at GBX 369.70 ($4.97), with a volume of 50,087 shares changing hands.

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 stock has a market cap of £73.19 million, a price-to-earnings ratio of -7.19 and a beta of 1.21. The stock has a fifty day simple moving average of GBX 358.27 and a two-hundred day simple moving average of GBX 412.57.

Insider Buying and Selling

In related news, insider Michael Tobin purchased 2,260 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average price of GBX 310 ($4.17) per share, with a total value of £7,006 ($9,421.73). In the last quarter, insiders have purchased 10,700 shares of company stock valued at $3,332,400. 30.13% of the stock is owned by company insiders.

Audioboom Group Company Profile

(Get Free Report)

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.

Further Reading

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