Bango (LON:BGO) Shares Pass Below 50-Day Moving Average - Should You Sell?

Bango PLC (LON:BGO - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 81.23 ($1.08) and traded as low as GBX 76 ($1.01). Bango shares last traded at GBX 82.20 ($1.09), with a volume of 23,889 shares.

Bango Price Performance

The company has a quick ratio of 2.37, a current ratio of 0.71 and a debt-to-equity ratio of 37.64. The company has a market cap of £63.34 million, a price-to-earnings ratio of -9.09 and a beta of 0.36. The stock's 50-day simple moving average is GBX 80.60 and its 200 day simple moving average is GBX 93.85.

Insider Activity

In other news, insider Marcus Weldon bought 16,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average cost of GBX 125 ($1.66) per share, for a total transaction of £20,625 ($27,463.38). Insiders own 37.91% of the company's stock.

Bango Company Profile

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.