Bango (LON:BGO) Stock Crosses Below 50 Day Moving Average – Here’s Why

Bango PLC (LON:BGO) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 100.42 and traded as low as GBX 88. Bango shares last traded at GBX 91, with a volume of 666,709 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 244 target price on shares of Bango in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 244.

Bango Trading Up 8.0%

The business’s 50 day simple moving average is GBX 100.42 and its 200-day simple moving average is GBX 93.43. The company has a debt-to-equity ratio of 37.64, a current ratio of 0.71 and a quick ratio of 2.37. The stock has a market capitalization of £76.47 million, a P/E ratio of -28.88 and a beta of 0.36.

Insider Activity

In related news, insider Ray Anderson sold 32,500 shares of Bango stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 101, for a total transaction of £32,825. 12.23% of the stock is owned by corporate insiders.

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.