Audioboom Group (LON:BOOM) Stock Price Passes Below 200 Day Moving Average of $245.00

Audioboom Group plc (LON:BOOM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 245 ($3.22) and traded as low as GBX 210 ($2.76). Audioboom Group shares last traded at GBX 215 ($2.83), with a volume of 8,445 shares changing hands.

Audioboom Group Stock Down 4.7 %

The stock has a market cap of £33.58 million, a P/E ratio of -436.17 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63. The company has a 50-day simple moving average of GBX 232.97 and a two-hundred day simple moving average of GBX 244.66.

Insider Buying and Selling

In other news, insider Michael Tobin acquired 5,000 shares of the stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of GBX 223 ($2.93) per share, with a total value of £11,150 ($14,661.41). Insiders have bought a total of 17,000 shares of company stock valued at $3,889,000 over the last three months. 30.32% of the stock is owned by company insiders.

Audioboom Group Company Profile

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.