Audioboom Group (LON:BOOM) Stock Price Up 9.9% After Insider Buying Activity

Audioboom Group plc (LON:BOOM)’s share price was up 9.9% on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 235 ($3.07) and last traded at GBX 226.70 ($2.96). Approximately 142,680 shares were traded during mid-day trading, an increase of 135% from the average daily volume of 60,610 shares. The stock had previously closed at GBX 206.35 ($2.70).

Specifically, insider Michael Tobin bought 4,380 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of GBX 510 ($6.67) per share, with a total value of £22,338 ($29,211.46).

Audioboom Group Stock Down 0.3 %

The business has a 50-day moving average price of GBX 231.79 and a 200-day moving average price of GBX 243.59. The company has a market capitalization of £35.51 million, a price-to-earnings ratio of -462.77 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

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.