Audioboom Group (LON:BOOM) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Audioboom Group plc (LON:BOOM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 594.73 and traded as low as GBX 455.55. Audioboom Group shares last traded at GBX 456.22, with a volume of 65,616 shares.

Audioboom Group Stock Performance

The stock has a market cap of £76.36 million, a P/E ratio of 81.43 and a beta of 1.17. The company has a current ratio of 1.27, a quick ratio of 1.77 and a debt-to-equity ratio of 7.45. The stock has a 50 day simple moving average of GBX 563.84 and a 200 day simple moving average of GBX 591.72.

Insider Activity

In related news, insider Michael Tobin purchased 5,810 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average price of GBX 478 per share, with a total value of £27,771.80. Company insiders own 30.13% of the company’s stock.

Audioboom Group Company Profile

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.