Bango (LON:BGO) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of Bango PLC (LON:BGO) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 84.17 and traded as low as GBX 73. Bango shares last traded at GBX 79.80, with a volume of 97,596 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on shares of Bango from GBX 244 to GBX 212 and set a “buy” rating on the stock in a report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bango has a consensus rating of “Buy” and a consensus target price of GBX 212.

Bango Stock Up 3.2%

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 company has a fifty day moving average price of GBX 84.17 and a 200 day moving average price of GBX 92.11. The company has a market cap of £61.59 million, a PE ratio of -23.26 and a beta of 0.36.

Insiders Place Their Bets

In related news, insider Paul Larbey purchased 15,115 shares of the business’s stock in a transaction on Friday, February 6th. The stock was acquired at an average price of GBX 79 per share, with a total value of £11,940.85. Also, insider Ray Anderson sold 40,123 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of GBX 43, for a total transaction of £17,252.89. Corporate insiders own 11.99% of the company’s stock.

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.