Audioboom Group (LON:BOOM) Hits New 52-Week High – Here’s What Happened

Audioboom Group plc (LON:BOOM) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 395 ($5.02) and last traded at GBX 380 ($4.83), with a volume of 155174 shares trading hands. The stock had previously closed at GBX 380 ($4.83).

Audioboom Group Stock Performance

The firm has a market cap of £62.24 million, a P/E ratio of -791.67 and a beta of 1.21. The company has a debt-to-equity ratio of 69.63, a current ratio of 1.06 and a quick ratio of 1.77. The stock has a 50 day moving average of GBX 245.10 and a 200 day moving average of GBX 236.36.

Insider Activity at Audioboom Group

In other Audioboom Group news, insider Michael Tobin purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of GBX 292 ($3.71) per share, for a total transaction of £14,600 ($18,560.89). Insiders have bought a total of 25,620 shares of company stock valued at $5,758,300 over the last 90 days. 30.13% of the stock is owned by insiders.

About Audioboom Group

Audioboom Group plc, a podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States. The company's platform allows content distributed through Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook, and Twitter, as well as a partner's own websites and mobile apps.