Audioboom Group (LON:BOOM) Reaches New 52-Week High – Here’s Why

Shares of Audioboom Group plc (LON:BOOM) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 420 ($5.24) and last traded at GBX 420 ($5.24), with a volume of 50214 shares. The stock had previously closed at GBX 395 ($4.93).

Audioboom Group Price Performance

The company has a market capitalization of £68.80 million, a P/E ratio of -875.00 and a beta of 1.21. The company’s 50-day simple moving average is GBX 294.83 and its 200 day simple moving average is GBX 249.69. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insider Buying and Selling

In related news, insider Michael Tobin purchased 5,000 shares of the stock in a transaction on Thursday, October 24th. The shares were bought at an average price of GBX 205 ($2.56) per share, for a total transaction of £10,250 ($12,786.93). Over the last three months, insiders acquired 25,620 shares of company stock worth $5,758,300. Corporate insiders own 30.13% of the company’s stock.

About Audioboom Group

Audioboom Group plc, a podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States. The company's platform allows content distributed through Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook, and Twitter, as well as a partner's own websites and mobile apps.