Bango (LON:BGO) Shares Pass Below 50 Day Moving Average – Time to Sell?

by · The Cerbat Gem

Shares of Bango PLC (LON:BGO – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 88.52 ($1.20) and traded as low as GBX 87.50 ($1.18). Bango shares last traded at GBX 91.25 ($1.23), with a volume of 42,754 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 244 price objective on shares of Bango in a research report on Thursday, July 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Bango currently has an average rating of “Buy” and a consensus price target of GBX 244.

View Our Latest Stock Report on BGO

Bango Price Performance

The business has a 50-day simple moving average of GBX 88.52 and a 200 day simple moving average of GBX 86.50. The stock has a market cap of £70.11 million, a P/E ratio of -1,921.05 and a beta of 0.36. The company has a current ratio of 0.71, a quick ratio of 2.37 and a debt-to-equity ratio of 37.64.

Insider Transactions at Bango

In related news, insider Matt Wilson purchased 1,978 shares of Bango stock in a transaction on Monday, August 18th. The shares were purchased at an average price of GBX 97 per share, for a total transaction of £1,918.66. Also, insider Paul Larbey purchased 1,978 shares of Bango stock in a transaction on Monday, August 18th. The stock was bought at an average price of GBX 91 per share, for a total transaction of £1,799.98. Insiders acquired a total of 31,080 shares of company stock worth $2,656,131 in the last quarter. Corporate insiders own 12.23% of the company’s stock.

About Bango

(Get Free Report)

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.

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