Bango (LON:BGO) Shares Pass Below Fifty Day Moving Average – Here’s Why

Bango PLC (LON:BGO)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 95.42 and traded as low as GBX 86. Bango shares last traded at GBX 93, with a volume of 22,220 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 244 price objective on shares of Bango in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 244.

Bango Stock Up 2.2%

The company has a market capitalization of £71.59 million, a price-to-earnings ratio of -27.03 and a beta of 0.36. The company has a debt-to-equity ratio of 37.64, a current ratio of 0.71 and a quick ratio of 2.37. The firm’s fifty day moving average price is GBX 95.42 and its 200-day moving average price is GBX 94.07.

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.