Audioboom Group (LON:BOOM) Stock Passes Above 50-Day Moving Average – Should You Sell?

Audioboom Group plc (LON:BOOM) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 491.08 ($6.35) and traded as high as GBX 506.90 ($6.55). Audioboom Group shares last traded at GBX 492 ($6.36), with a volume of 66,045 shares changing hands.

Audioboom Group Price Performance

The stock has a 50-day moving average price of GBX 491.08 and a 200 day moving average price of GBX 342.93. 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 firm has a market capitalization of £97.40 million, a PE ratio of -9.57 and a beta of 1.21.

Insiders Place Their Bets

In other Audioboom Group news, insider Michael Tobin purchased 2,300 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of GBX 358 ($4.63) per share, with a total value of £8,234 ($10,639.62). 30.13% of the stock is currently owned by company insiders.

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.