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

Audioboom Group plc (LON:BOOM) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 557.64 and traded as high as GBX 570. Audioboom Group shares last traded at GBX 561.25, with a volume of 7,343 shares trading hands.

Audioboom Group Stock Performance

The stock has a market capitalization of £100.94 million, a price-to-earnings ratio of 107.93 and a beta of 1.02. The company has a quick ratio of 1.77, a current ratio of 1.27 and a debt-to-equity ratio of 7.45. The stock’s 50-day simple moving average is GBX 557.64 and its 200 day simple moving average is GBX 601.91.

About Audioboom Group

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.