Audioboom Group (LON:BOOM) Trading Down 2.5% – Time to Sell?

Audioboom Group plc (LON:BOOM)’s share price was down 2.5% during mid-day trading on Thursday . The stock traded as low as GBX 281.21 ($3.59) and last traded at GBX 290 ($3.70). Approximately 78,546 shares were traded during trading, an increase of 15% from the average daily volume of 68,063 shares. The stock had previously closed at GBX 297.50 ($3.79).

Audioboom Group Stock Up 3.4 %

The company has a market cap of £49.14 million, a price-to-earnings ratio of -625.00 and a beta of 1.21. The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63. The firm’s fifty day moving average price is GBX 225.25 and its 200-day moving average price is GBX 231.59.

Insider Activity at Audioboom Group

In other Audioboom Group news, insider Michael Tobin bought 10,620 shares of Audioboom Group stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average price of GBX 215 ($2.74) per share, for a total transaction of £22,833 ($29,108.87). In the last ninety days, insiders have purchased 30,000 shares of company stock valued at $7,992,100. 30.13% of the stock is owned by corporate 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.