Bango (LON:BGO) Shares Up 4.1% – What’s Next?

Bango PLC (LON:BGO)’s share price was up 4.1% during trading on Monday. The company traded as high as GBX 85 and last traded at GBX 82. Approximately 353,178 shares were traded during trading, an increase of 125% from the average daily volume of 156,631 shares. The stock had previously closed at GBX 78.78.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price target on Bango from GBX 181 to GBX 160 and set a “buy” rating on the stock in a research note on Friday, September 25th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 160.

Bango Price Performance

The company has a debt-to-equity ratio of 94.45, a current ratio of 0.61 and a quick ratio of 2.37. The stock’s fifty day moving average is GBX 70.76 and its 200-day moving average is GBX 68.27. The stock has a market cap of £63.18 million, a PE ratio of -12.46 and a beta of 0.67.

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.