Bango (LON:BGO) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Bango PLC (LON:BGO) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 64.16 and traded as low as GBX 58. Bango shares last traded at GBX 58, with a volume of 140,879 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price on Bango from GBX 212 to GBX 181 and set a “buy” rating on the stock in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 181.

Bango Trading Down 4.9%

The company has a debt-to-equity ratio of 98.20, a current ratio of 0.67 and a quick ratio of 2.37. The firm has a market cap of £44.69 million, a price-to-earnings ratio of -5.88 and a beta of 1.64. The company’s 50 day simple moving average is GBX 64.16 and its 200 day simple moving average is GBX 77.70.

Insider Activity at Bango

In other Bango news, insider Paul Larbey purchased 3,053 shares of the stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of GBX 59 per share, for a total transaction of £1,801.27. Also, insider Matt Wilson purchased 3,052 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of GBX 59 per share, for a total transaction of £1,800.68. Insiders bought 6,569 shares of company stock worth $390,288 over the last quarter. Company insiders own 12.05% of the company’s stock.

About Bango

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.