Bango (LON:BGO) Stock Passes Below 50-Day Moving Average – Should You Sell?

Bango PLC (LON:BGO) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 111.51 ($1.45) and traded as low as GBX 108.51 ($1.41). Bango shares last traded at GBX 111 ($1.44), with a volume of 404,774 shares traded.

Bango Stock Performance

The company’s 50-day moving average is GBX 111.51 and its two-hundred day moving average is GBX 125.09. The company has a market capitalization of £82.98 million, a P/E ratio of -1,233.33 and a beta of 0.36. The company has a quick ratio of 2.37, a current ratio of 0.70 and a debt-to-equity ratio of 37.64.

Insider Transactions at Bango

In related news, insider Paul Larbey acquired 8,716 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was bought at an average cost of GBX 103 ($1.34) per share, with a total value of £8,977.48 ($11,642.43). Insiders own 37.91% 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.