Bango (LON:BGO) Trading Up 19% – Time to Buy?

Shares of Bango PLC (LON:BGO) were up 19% during mid-day trading on Thursday . The stock traded as high as GBX 74 and last traded at GBX 71.65. 606,075 shares traded hands during trading, an increase of 412% from the average session volume of 118,353 shares. The stock had previously closed at GBX 60.20.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 181 target price on shares of Bango in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 181.

Bango Price Performance

The company’s 50-day moving average price is GBX 61.07 and its two-hundred day moving average price is GBX 70.88. The company has a market cap of £50.85 million, a P/E ratio of -6.69 and a beta of 0.66. The company has a current ratio of 0.67, a quick ratio of 2.37 and a debt-to-equity ratio of 98.20.

Insider Activity

In other news, insider Matt Wilson purchased 3,052 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of GBX 59 per share, for a total transaction of £1,800.68. Also, insider Paul Larbey acquired 3,053 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of GBX 59 per share, with a total value of £1,801.27. Insiders have bought 6,596 shares of company stock worth $390,108 in the last ninety days. Corporate insiders own 12.07% of the company’s stock.

Bango Company Profile

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.