Audioboom Group (LON:BOOM) Hits New 1-Year High – Here’s What Happened

Shares of Audioboom Group plc (LON:BOOM) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 420 ($5.24) and last traded at GBX 420 ($5.24), with a volume of 50214 shares changing hands. The stock had previously closed at GBX 395 ($4.93).

Audioboom Group Stock Up 6.3 %

The business’s 50 day simple moving average is GBX 294.83 and its 200 day simple moving average is GBX 249.69. The company has a market capitalization of £68.80 million, a PE ratio of -875.00 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insider Activity at Audioboom Group

In other Audioboom Group news, insider Michael Tobin bought 5,000 shares of the stock in a transaction on Thursday, October 24th. The shares were bought at an average price of GBX 205 ($2.56) per share, with a total value of £10,250 ($12,786.93). In the last 90 days, insiders bought 25,620 shares of company stock worth $5,758,300. 30.13% of the stock is owned by corporate insiders.

About Audioboom Group

Audioboom Group plc, a podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States. The company's platform allows content distributed through Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook, and Twitter, as well as a partner's own websites and mobile apps.