Audioboom Group (LON:BOOM) Shares Cross Above 50 Day Moving Average – Should You Sell?

Audioboom Group plc (LON:BOOMGet Free Report)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 356.66 ($4.43) and traded as high as GBX 385 ($4.78). Audioboom Group shares last traded at GBX 380 ($4.72), with a volume of 25,811 shares.

Audioboom Group Trading Down 1.8 %

The stock has a 50-day moving average of GBX 356.66 and a 200 day moving average of GBX 267.76. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63. The stock has a market cap of £61.14 million, a PE ratio of -777.59 and a beta of 1.21.

Insider Activity

In other news, insider Michael Tobin bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of GBX 292 ($3.63) per share, with a total value of £14,600 ($18,132.14). Insiders own 30.13% of the company’s stock.

Audioboom Group Company Profile

(Get Free Report)

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.

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