Bango (LON:BGO) Share Price Passes Below 200 Day Moving Average – Here’s Why

Bango PLC (LON:BGO) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 119.80 ($1.52) and traded as low as GBX 92 ($1.17). Bango shares last traded at GBX 92.50 ($1.18), with a volume of 122,297 shares trading hands.

Bango Price Performance

The company has a current ratio of 0.70, a quick ratio of 2.37 and a debt-to-equity ratio of 37.64. The company has a market capitalization of £72.56 million, a P/E ratio of -1,027.78 and a beta of 0.36. The company has a 50 day moving average price of GBX 103.15 and a 200 day moving average price of GBX 119.80.

Insider Buying and Selling

In related news, insider Paul Larbey purchased 25,484 shares of Bango stock in a transaction dated Thursday, November 28th. The shares were bought at an average cost of GBX 98 ($1.25) per share, for a total transaction of £24,974.32 ($31,749.71). 37.91% of the stock is currently owned by company insiders.

Bango Company Profile

Bango PLC, together with its subsidiaries, develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. The company offers Bango Payments, which connects online app stores and merchants. It also offers digital vending machine services for resellers and subscriptions providers to enable bundling of subscription services.