Audioboom Group (LON:BOOM) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Audioboom Group plc (LON:BOOM) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 542.68 and traded as low as GBX 440. Audioboom Group shares last traded at GBX 442.20, with a volume of 28,451 shares.

Audioboom Group Stock Performance

The company has a market capitalization of £88.13 million, a P/E ratio of 24.26 and a beta of 0.81. The company has a debt-to-equity ratio of 14.61, a current ratio of 1.36 and a quick ratio of 1.77. The stock’s 50 day simple moving average is GBX 542.68 and its two-hundred day simple moving average is GBX 601.95.

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.