Bango (LON:BGO) Stock Jumps 4.1% – Here’s Why

Bango PLC (LON:BGO) shares shot up 4.1% during trading on Monday. The company traded as high as GBX 85 and last traded at GBX 82. Approximately 353,178 shares traded hands during trading, an increase of 125% from the average daily volume of 156,631 shares. The stock had previously closed at GBX 78.78.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on Bango from GBX 181 to GBX 160 and set a “buy” rating for the company in a report on Friday, September 25th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 160.

Bango Price Performance

The company has a current ratio of 0.61, a quick ratio of 2.37 and a debt-to-equity ratio of 94.45. The stock has a 50-day moving average price of GBX 70.76 and a 200 day moving average price of GBX 68.27. The stock has a market capitalization of £63.18 million, a price-to-earnings ratio of -12.46 and a beta of 0.67.

About Bango

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.