Audioboom Group (LON:BOOM) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Audioboom Group plc (LON:BOOM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 605.01 and traded as low as GBX 550. Audioboom Group shares last traded at GBX 580, with a volume of 28,133 shares trading hands.

Audioboom Group Stock Down 1.7%

The firm has a market cap of £99.94 million, a P/E ratio of 106.86 and a beta of 1.02. The stock’s 50 day simple moving average is GBX 551.56 and its 200 day simple moving average is GBX 605.01. The company has a debt-to-equity ratio of 7.45, a quick ratio of 1.77 and a current ratio of 1.27.

Audioboom Group Company Profile

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.