Audioboom Group (LON:BOOM) Stock Crosses Above 50-Day Moving Average of $219.92

Shares of Audioboom Group PLC (LON:BOOM) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $219.92 and traded as high as $211.00. Audioboom Group shares last traded at $200.02, with a volume of 5,167 shares changing hands.

The company has a market cap of $29.41 million and a price-to-earnings ratio of -2.95. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 21.19. The company’s 50-day moving average is GBX 219.92 and its 200 day moving average is GBX 86.91.

In related news, insider Michael Tobin acquired 9,594 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of GBX 206 ($2.69) per share, with a total value of £19,763.64 ($25,824.70). Also, insider Steven Smith acquired 25,000 shares of the firm’s stock in a transaction on Monday, September 2nd. The shares were bought at an average cost of GBX 203 ($2.65) per share, for a total transaction of £50,750 ($66,313.86). Over the last ninety days, insiders have acquired 48,091 shares of company stock worth $10,060,627.

About Audioboom Group (LON:BOOM)

Audioboom Group plc operates an audio platform for hosting, distributing and monetizing content. The Company works with approximately 2,400 active broadcasters, content creators and podcasters around the world, and hosts in over 7,400 content channels. The Company’s hosting and distribution platform allows partners to embed, share through social channels and re-syndicate their content.

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