Bango (LON:BGO) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Bango PLC (LON:BGO)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 96.59 and traded as low as GBX 90.25. Bango shares last traded at GBX 93.48, with a volume of 72,576 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 244 price target on shares of Bango in a report on Monday, September 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 244.

Bango Trading Down 1.1%

The company has a 50 day moving average of GBX 96.59 and a 200 day moving average of GBX 94.01. The company has a debt-to-equity ratio of 37.64, a quick ratio of 2.37 and a current ratio of 0.71. The stock has a market capitalization of £71.96 million, a price-to-earnings ratio of -27.17 and a beta of 0.36.

Insider Buying and Selling at Bango

In other news, insider Ray Anderson sold 32,500 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 101, for a total value of £32,825. Corporate insiders own 12.23% of the company’s stock.

Bango Company Profile

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.