Audioboom Group (LON:BOOM) Trading 10.8% Higher – Here’s Why

Audioboom Group plc (LON:BOOM)’s stock price traded up 10.8% during trading on Monday . The company traded as high as GBX 599.92 ($7.55) and last traded at GBX 596 ($7.50). 158,023 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 150,409 shares. The stock had previously closed at GBX 538 ($6.77).

Audioboom Group Stock Performance

The business’s 50 day simple moving average is GBX 398.39 and its two-hundred day simple moving average is GBX 284.86. The firm has a market capitalization of £118.58 million, a PE ratio of -11.65 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.

Insider Activity at Audioboom Group

In other Audioboom Group news, insider Michael Tobin purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average cost of GBX 292 ($3.67) per share, for a total transaction of £14,600 ($18,367.09). Over the last 90 days, insiders bought 10,000 shares of company stock worth $3,282,400. 30.13% of the stock is owned by insiders.

Audioboom Group Company Profile

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.