Bango (LON:BGO) Trading Down 10.7%

Bango PLC (LON:BGO) fell 10.7% during trading on Tuesday . The stock traded as low as GBX 130.05 ($1.67) and last traded at GBX 134 ($1.72). 230,952 shares changed hands during trading, a decline of 14% from the average session volume of 268,730 shares. The stock had previously closed at GBX 150 ($1.93).

Bango Price Performance

The stock has a 50-day moving average of GBX 139.81 and a two-hundred day moving average of GBX 123.10. The firm has a market cap of £101.39 million, a price-to-earnings ratio of -1,602.78 and a beta of 0.34. The company has a current ratio of 0.82, a quick ratio of 2.37 and a debt-to-equity ratio of 38.13.

Insiders Place Their Bets

In other news, insider Paul Larbey acquired 1,275 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The stock was purchased at an average price of GBX 141 ($1.81) per share, with a total value of £1,797.75 ($2,312.52). Corporate insiders own 37.83% of the company’s stock.

About Bango

Bango PLC, together with its subsidiaries, develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. The company offers Bango Payments, which connects online app stores and merchants. It also offers digital vending machine services for resellers and subscriptions providers to enable bundling of subscription services.