Audioboom Group (LON:BOOM) Shares Pass Below 200 Day Moving Average – What’s Next?

Audioboom Group plc (LON:BOOM) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 581.41 and traded as low as GBX 570. Audioboom Group shares last traded at GBX 570, with a volume of 25,519 shares.

Audioboom Group Trading Up 5.2%

The firm has a market cap of £107.87 million, a price-to-earnings ratio of 29.69 and a beta of 1.21. The business has a 50 day moving average of GBX 661.19 and a 200 day moving average of GBX 581.41. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Audioboom Group Company Profile

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.