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Audioboom Group (LON:BOOM) Shares Cross Above 50-Day Moving Average - Time to Sell?

Audioboom Group logo with Communication Services background

Shares of Audioboom Group plc (LON:BOOM - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 439.88 ($5.54) and traded as high as GBX 608 ($7.66). Audioboom Group shares last traded at GBX 594 ($7.49), with a volume of 79,312 shares.

Audioboom Group Trading Up 2.2 %

The stock's fifty day moving average price is GBX 447.73 and its 200 day moving average price is GBX 310.15. The stock has a market cap of £109.27 million, a P/E ratio of -10.74 and a beta of 1.21. The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63.

Insider Activity at Audioboom Group

In other Audioboom Group news, insider Michael Tobin bought 2,700 shares of Audioboom Group stock in a transaction on Friday, January 31st. The stock was acquired at an average price of GBX 370 ($4.66) per share, with a total value of £9,990 ($12,592.97). Insiders purchased a total of 10,000 shares of company stock valued at $3,282,400 in the last 90 days. Corporate insiders own 30.13% of the company's stock.

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.

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