Audioboom Group (LON:BOOM) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Audioboom Group plc (LON:BOOM) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 659.89 and traded as high as GBX 780. Audioboom Group shares last traded at GBX 710, with a volume of 257,469 shares.

Audioboom Group Price Performance

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 company’s 50 day moving average price is GBX 661.09 and its 200 day moving average price is GBX 537.84. The firm has a market capitalization of £122.30 million, a P/E ratio of 33.66 and a beta of 1.21.

About Audioboom Group

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.