Audioboom Group (LON:BOOM) Stock Price Crosses Above 50 Day Moving Average of $250.45

Audioboom Group plc (LON:BOOM) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 250.45 ($3.17) and traded as high as GBX 315 ($3.99). Audioboom Group shares last traded at GBX 307.50 ($3.89), with a volume of 97,332 shares changing hands.

Audioboom Group Trading Up 4.1 %

The business has a 50-day simple moving average of GBX 250.45 and a 200-day simple moving average of GBX 227.48. The company has a quick ratio of 1.77, a current ratio of 1.71 and a debt-to-equity ratio of 2.35. The company has a market cap of £52.42 million, a PE ratio of -530.17 and a beta of 1.22.

Insider Transactions at Audioboom Group

In related news, insider Michael Tobin acquired 4,490 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of GBX 235 ($2.97) per share, with a total value of £10,551.50 ($13,354.64). Over the last 90 days, insiders have purchased 12,413 shares of company stock valued at $3,053,930. 30.42% of the stock is currently owned by company insiders.

About Audioboom Group

Audioboom Group plc, a podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States. The company's platform allows content distributed through Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook, and Twitter, as well as a partner's own websites and mobile apps.