Audioboom Group (LON:BOOM) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Audioboom Group plc (LON:BOOMGet Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 533.62 and traded as low as GBX 440. Audioboom Group shares last traded at GBX 444, with a volume of 36,324 shares.

Audioboom Group Stock Up 0.9%

The company has a debt-to-equity ratio of 4.85, a current ratio of 1.64 and a quick ratio of 1.77. The firm has a market cap of £80.44 million, a price-to-earnings ratio of 31.49 and a beta of 1.25. The stock has a 50-day moving average of GBX 465.77 and a 200-day moving average of GBX 533.62.

Insider Activity at Audioboom Group

In related news, insider Stuart Last sold 7,000 shares of Audioboom Group stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of GBX 470, for a total transaction of £32,900. Also, insider Michael Tobin acquired 5,810 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of GBX 478 per share, for a total transaction of £27,771.80. 30.13% of the stock is currently owned by insiders.

About Audioboom Group

(Get Free Report)

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.

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