Bango (LON:BGO) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Bango PLC (LON:BGO) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 98.79 ($1.22) and traded as low as GBX 98 ($1.21). Bango shares last traded at GBX 98.13 ($1.21), with a volume of 487,050 shares.

Bango Stock Down 0.5 %

The stock has a market capitalization of £75.32 million, a price-to-earnings ratio of -1,089.33 and a beta of 0.36. The company has a quick ratio of 2.37, a current ratio of 0.70 and a debt-to-equity ratio of 37.64. The business’s 50-day moving average is GBX 98.79 and its two-hundred day moving average is GBX 112.57.

Insider Activity

In other news, insider Paul Larbey acquired 25,484 shares of the company’s stock in a transaction dated Thursday, November 28th. The stock was acquired at an average cost of GBX 98 ($1.21) per share, with a total value of £24,974.32 ($30,745.19). Corporate insiders own 37.91% of the company’s stock.

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.