Audioboom Group (LON:BOOM) Share Price Crosses Below Two Hundred Day Moving Average of $241.02

Audioboom Group plc (LON:BOOM) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 241.02 ($3.23) and traded as low as GBX 212.10 ($2.84). Audioboom Group shares last traded at GBX 213 ($2.85), with a volume of 29,607 shares trading hands.

Audioboom Group Trading Up 3.1 %

The company has a debt-to-equity ratio of 69.63, a quick ratio of 1.77 and a current ratio of 1.06. The stock has a market cap of £35.99 million, a price-to-earnings ratio of -477.61 and a beta of 1.21. The company’s 50 day simple moving average is GBX 226.02 and its two-hundred day simple moving average is GBX 240.83.

Insider Transactions at Audioboom Group

In other news, insider Michael Tobin purchased 4,380 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of GBX 510 ($6.83) per share, with a total value of £22,338 ($29,911.62). Over the last ninety days, insiders have purchased 16,380 shares of company stock valued at $4,927,800. 30.13% of the stock is owned by 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.