Audioboom Group (LON:BOOM) Shares Pass Below 200-Day Moving Average – Time to Sell?

Audioboom Group plc (LON:BOOM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 514.91 and traded as low as GBX 490.10. Audioboom Group shares last traded at GBX 492.51, with a volume of 37,982 shares.

Audioboom Group Price Performance

The company’s fifty day moving average is GBX 468.24 and its 200 day moving average is GBX 514.91. The company has a quick ratio of 1.77, a current ratio of 1.64 and a debt-to-equity ratio of 4.85. The stock has a market cap of £89.23 million, a PE ratio of 34.93 and a beta of 1.25.

Insider Buying and Selling at Audioboom Group

In other news, insider Stuart Last sold 7,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of GBX 470, for a total value of £32,900. Also, insider Michael Tobin bought 5,810 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of GBX 478 per share, for a total transaction of £27,771.80. 30.13% of the stock is owned by corporate insiders.

Audioboom Group Company Profile

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.