Audioboom Group (LON:BOOM) Trading Down 12.7% - Here's Why

Audioboom Group plc (LON:BOOM - Get Free Report) was down 12.7% on Wednesday . The stock traded as low as GBX 370 ($4.84) and last traded at GBX 379.75 ($4.97). Approximately 127,354 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 135,829 shares. The stock had previously closed at GBX 435 ($5.69).

Audioboom Group Stock Down 3.0 %

The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63. The stock has a market capitalization of £63.35 million, a PE ratio of -6.22 and a beta of 1.21. The stock's fifty day simple moving average is GBX 498.43 and its 200-day simple moving average is GBX 365.

Insider Activity

In other Audioboom Group news, insider Michael Tobin purchased 2,300 shares of the stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of GBX 358 ($4.68) per share, with a total value of £8,234 ($10,773.26). Insiders have acquired a total of 9,100 shares of company stock valued at $3,194,600 over the last quarter. Company insiders own 30.13% of the company's stock.

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.