Audioboom Group (LON:BOOM) Shares Down 8.4% – Here’s What Happened

Shares of Audioboom Group plc (LON:BOOM) dropped 8.4% on Monday . The company traded as low as GBX 280.25 ($3.72) and last traded at GBX 284.10 ($3.77). Approximately 131,868 shares traded hands during trading, a decline of 3% from the average daily volume of 136,101 shares. The stock had previously closed at GBX 310 ($4.12).

Audioboom Group Trading Down 8.1%

The firm has a 50 day simple moving average of GBX 419.22 and a 200 day simple moving average of GBX 383.76. The firm has a market capitalization of £56.38 million, a PE ratio of -5.54 and a beta of 1.21. The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63.

Insider Buying and Selling at Audioboom Group

In other Audioboom Group news, insider Michael Tobin purchased 6,600 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of GBX 297 ($3.95) per share, for a total transaction of £19,602 ($26,045.71). Insiders acquired 10,700 shares of company stock worth $3,332,400 over the last 90 days. Company insiders own 30.13% of the company’s stock.

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.