Audioboom Group (LON:BOOM) Trading 15% Higher – Time to Buy?

Shares of Audioboom Group plc (LON:BOOM) traded up 15% during mid-day trading on Tuesday . The company traded as high as GBX 255 ($3.33) and last traded at GBX 241.50 ($3.15). 173,414 shares changed hands during trading, an increase of 176% from the average session volume of 62,728 shares. The stock had previously closed at GBX 210 ($2.74).

Audioboom Group Trading Up 12.5 %

The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63. The business has a 50 day moving average price of GBX 218.29 and a 200-day moving average price of GBX 237.53. The firm has a market capitalization of £38.70 million, a PE ratio of -437.50 and a beta of 1.21.

Insiders Place Their Bets

In related news, insider Michael Tobin bought 3,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of GBX 225 ($2.94) per share, for a total transaction of £6,750 ($8,814.31). Over the last quarter, insiders acquired 16,380 shares of company stock worth $4,927,800. 30.13% of the stock is owned by corporate insiders.

Audioboom Group Company Profile

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.