Audioboom Group (LON:BOOM) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Audioboom Group plc (LON:BOOM)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 549.90 and traded as high as GBX 580. Audioboom Group shares last traded at GBX 567, with a volume of 8,933 shares trading hands.

Audioboom Group Stock Down 1.8%

The firm’s 50-day simple moving average is GBX 550.80 and its 200 day simple moving average is GBX 606.08. The company has a market cap of £100.72 million, a P/E ratio of 107.69 and a beta of 1.02. The company has a debt-to-equity ratio of 7.45, a quick ratio of 1.77 and a current ratio of 1.27.

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.