Audioboom Group (LON:BOOM) Shares Down 8.4% – Here’s What Happened

Audioboom Group plc (LON:BOOM) was down 8.4% during mid-day trading on Monday . The stock traded as low as GBX 280.25 ($3.73) and last traded at GBX 284.10 ($3.78). Approximately 131,868 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 136,101 shares. The stock had previously closed at GBX 310 ($4.13).

Audioboom Group Stock Up 8.5%

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 market capitalization of £64.47 million, a PE ratio of -6.33 and a beta of 1.21. The company has a 50 day moving average price of GBX 407.90 and a 200-day moving average price of GBX 384.96.

Insider Buying and Selling

In related news, insider Michael Tobin acquired 2,260 shares of the company’s stock in a transaction on Friday, April 11th. The stock was acquired at an average price of GBX 310 ($4.13) per share, with a total value of £7,006 ($9,323.93). Insiders bought a total of 10,700 shares of company stock worth $3,332,400 in the last three months. Insiders own 30.13% of the company’s stock.

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.