Audioboom Group (LON:BOOM) Stock Price Down 13.8% – Time to Sell?

Audioboom Group plc (LON:BOOM) shares fell 13.8% during mid-day trading on Monday . The company traded as low as GBX 457.60 and last traded at GBX 482.50. 614,471 shares changed hands during mid-day trading, an increase of 847% from the average session volume of 64,883 shares. The stock had previously closed at GBX 560.

Audioboom Group Price Performance

The stock has a fifty day moving average price of GBX 563.27 and a 200-day moving average price of GBX 599.91. The company has a market cap of £87.01 million, a PE ratio of 92.79 and a beta of 1.02. The company has a debt-to-equity ratio of 7.45, a current ratio of 1.27 and a quick ratio of 1.77.

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.