Audioboom Group (LON:BOOM) Shares Down 12.7% – Here’s Why

Audioboom Group plc (LON:BOOM) traded down 12.7% on Wednesday . The stock traded as low as GBX 370 ($4.80) and last traded at GBX 379.75 ($4.93). 127,354 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 135,829 shares. The stock had previously closed at GBX 435 ($5.65).

Audioboom Group Trading Down 2.1 %

The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63. The firm has a market capitalization of £64.93 million, a price-to-earnings ratio of -6.38 and a beta of 1.21. The business has a 50-day moving average of GBX 499.62 and a two-hundred day moving average of GBX 363.17.

Insider Transactions at Audioboom Group

In other Audioboom Group news, insider Michael Tobin acquired 1,840 shares of Audioboom Group stock in a transaction dated Wednesday, April 9th. The stock was bought at an average cost of GBX 365 ($4.74) per share, with a total value of £6,716 ($8,717.55). In the last quarter, insiders have bought 6,840 shares of company stock valued at $2,494,000. 30.13% of the stock is owned by corporate insiders.

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.