Audioboom Group (LON:BOOM) Hits New 52-Week High – Here’s What Happened

Audioboom Group plc (LON:BOOM) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 395 ($5.02) and last traded at GBX 380 ($4.83), with a volume of 155174 shares trading hands. The stock had previously closed at GBX 380 ($4.83).

Audioboom Group Stock Performance

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 company has a 50 day moving average price of GBX 245.10 and a 200 day moving average price of GBX 236.36. The company has a market capitalization of £62.24 million, a price-to-earnings ratio of -791.67 and a beta of 1.21.

Insider Activity at Audioboom Group

In other news, insider Michael Tobin bought 10,620 shares of the company’s stock in a transaction on Friday, October 18th. The shares were purchased at an average price of GBX 215 ($2.73) per share, with a total value of £22,833 ($29,027.46). In the last quarter, insiders have acquired 25,620 shares of company stock valued at $5,758,300. 30.13% of the stock is owned by corporate insiders.

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.