Audioboom Group (LON:BOOM) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Audioboom Group plc (LON:BOOM) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 562.91 and traded as high as GBX 630. Audioboom Group shares last traded at GBX 598, with a volume of 54,007 shares traded.

Audioboom Group Price Performance

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 business’s fifty day moving average is GBX 562.91 and its 200 day moving average is GBX 434.68. The firm has a market capitalization of £107.83 million, a P/E ratio of 29.70 and a beta of 1.21.

Insider Activity

In other Audioboom Group news, insider Stuart Last sold 10,660 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of GBX 480, for a total value of £51,168. Corporate 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.