Audioboom Group (LON:BOOM) Shares Down 8.4% – Time to Sell?

Audioboom Group plc (LON:BOOM)’s stock price was down 8.4% on Monday . The company 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 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 firm has a market capitalization of £64.47 million, a price-to-earnings ratio of -6.33 and a beta of 1.21. The company has a debt-to-equity ratio of 69.63, a quick ratio of 1.77 and a current ratio of 1.06. The business has a 50 day simple moving average of GBX 407.90 and a 200-day simple moving average of GBX 384.96.

Insider Transactions at Audioboom Group

In related news, insider Michael Tobin sold 3,450 shares of Audioboom Group stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of GBX 290 ($3.86), for a total transaction of £10,005 ($13,315.15). Over the last ninety days, insiders have acquired 10,700 shares of company stock worth $3,332,400. Insiders own 30.13% of the company’s stock.

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.