Bango (LON:BGO) Shares Up 19% – Time to Buy?

Bango PLC (LON:BGO)’s stock price traded up 19% during mid-day trading on Thursday . The stock traded as high as GBX 74 and last traded at GBX 71.65. 606,075 shares were traded during trading, an increase of 412% from the average daily volume of 118,353 shares. The stock had previously closed at GBX 60.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 181 price objective on shares of Bango in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bango has an average rating of “Buy” and an average price target of GBX 181.

Bango Price Performance

The company has a market cap of £55.21 million, a P/E ratio of -7.27 and a beta of 0.66. The company has a debt-to-equity ratio of 98.20, a quick ratio of 2.37 and a current ratio of 0.67. The firm’s fifty day moving average is GBX 60.92 and its two-hundred day moving average is GBX 71.18.

Insider Activity

In other Bango news, insider Paul Larbey acquired 3,053 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average price of GBX 59 per share, with a total value of £1,801.27. Also, insider Matt Wilson bought 3,052 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of GBX 59 per share, with a total value of £1,800.68. Insiders bought 6,596 shares of company stock worth $390,108 over the last 90 days. Company insiders own 12.07% 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.