Audioboom Group (LON:BOOM) Trading Up 16.5% – Time to Buy?

Audioboom Group plc (LON:BOOM)’s share price was up 16.5% on Friday . The company traded as high as GBX 694 ($9.36) and last traded at GBX 629 ($8.48). Approximately 630,482 shares were traded during mid-day trading, an increase of 406% from the average daily volume of 124,598 shares. The stock had previously closed at GBX 540 ($7.28).

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 firm’s 50-day moving average price is GBX 451.71 and its 200-day moving average price is GBX 395.70. The stock has a market capitalization of £114.66 million, a PE ratio of 3,158.42 and a beta of 1.21.

Insider Buying and Selling

In related news, insider Michael Tobin bought 3,040 shares of the business’s stock in a transaction dated Thursday, July 17th. The shares were purchased at an average price of GBX 325 per share, with a total value of £9,880. Also, insider Stuart Last sold 10,660 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of GBX 480, for a total value of £51,168. Corporate insiders own 30.13% of the company’s stock.

About Audioboom Group

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.