Audioboom Group (LON:BOOM) Stock Price Up 20.5% – Here’s What Happened

Audioboom Group plc (LON:BOOM) rose 20.5% during trading on Friday . The stock traded as high as GBX 610 and last traded at GBX 605. Approximately 148,580 shares traded hands during trading, an increase of 114% from the average daily volume of 69,386 shares. The stock had previously closed at GBX 502.

Audioboom Group Price Performance

The business’s 50 day moving average is GBX 539.55 and its two-hundred day moving average is GBX 601.66. The firm has a market capitalization of £109.10 million, a PE ratio of 30.03 and a beta of 0.81. The company has a debt-to-equity ratio of 14.61, a current ratio of 1.36 and a quick ratio of 1.77.

Audioboom Group Company Profile

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.