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

Audioboom Group plc (LON:BOOMGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 450 ($5.60) and last traded at GBX 450 ($5.60), with a volume of 174370 shares changing hands. The stock had previously closed at GBX 410 ($5.10).

Audioboom Group Stock Performance

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 stock has a market cap of £84.52 million, a price-to-earnings ratio of -1,075.00 and a beta of 1.21. The stock’s fifty day moving average is GBX 383.68 and its 200-day moving average is GBX 278.50.

Insider Activity

In other Audioboom Group news, insider Michael Tobin bought 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of GBX 292 ($3.63) per share, with a total value of £14,600 ($18,172.77). Insiders bought 10,000 shares of company stock valued at $3,282,400 in the last quarter. Company insiders own 30.13% of the company’s stock.

Audioboom Group Company Profile

(Get Free Report)

Audioboom is a global leader in podcasting – our shows are downloaded more than 98 million times each month by 30 million unique listeners around the world. Audioboom is ranked as the fourth largest podcast publisher in the US by Triton Digital.

Audioboom’s ad-tech and monetisation platform underpins a scalable content business that provides commercial services for a premium network of 250 top tier podcasts, with key partners including ‘Casefile True Crime’ (US), ‘Morbid’ (US), ‘True Crime Obsessed’ (US), ‘The Morning Toast’ (US), ‘No Such Thing As A Fish’ (UK), and ‘The Cycling Podcast’ (UK).

The Audioboom Originals Network is a slate of content developed and produced by Audioboom including ‘Dark Air with Terry Carnation’, ‘RELAX!’, ‘Baby Mamas No Dramas’, ‘Covert’, ‘It’s Happening with Snooki & Joey’, ‘Mafia’, ‘Huddled Masses’ and ‘What Makes A Killer’.

Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia.

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