Audioboom Group (LON:BOOM) Stock Price Passes Below 200-Day Moving Average of $245.00

Audioboom Group plc (LON:BOOM) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 245 ($3.22) and traded as low as GBX 210 ($2.76). Audioboom Group shares last traded at GBX 215 ($2.83), with a volume of 8,445 shares changing hands.

Audioboom Group Price Performance

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 company has a market cap of £33.58 million, a PE ratio of -436.17 and a beta of 1.21. The firm has a 50 day moving average of GBX 232.97 and a two-hundred day moving average of GBX 244.66.

Insider Activity

In other news, insider Michael Tobin acquired 5,000 shares of Audioboom Group stock in a transaction on Friday, June 21st. The stock was acquired at an average cost of GBX 239 ($3.14) per share, for a total transaction of £11,950 ($15,713.35). Insiders purchased 17,000 shares of company stock worth $3,889,000 over the last three months. 30.32% of the stock is currently 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.