Bango (LON:BGO) Share Price Passes Above Fifty Day Moving Average – Should You Sell?
by Michael Walen · The Markets DailyShares of Bango PLC (LON:BGO – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 62.71 and traded as high as GBX 65. Bango shares last traded at GBX 60.12, with a volume of 64,785 shares.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group cut their price target on Bango from GBX 212 to GBX 181 and set a “buy” rating on the stock in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bango presently has an average rating of “Buy” and an average target price of GBX 181.
Read Our Latest Research Report on Bango
Bango Stock Down 3.6%
The company has a debt-to-equity ratio of 98.20, a quick ratio of 2.37 and a current ratio of 0.67. The stock’s 50 day simple moving average is GBX 62.42 and its 200 day simple moving average is GBX 72.02. The firm has a market cap of £46.42 million, a P/E ratio of -6.11 and a beta of 0.66.
Insider Transactions at Bango
In other Bango news, insider Matt Wilson bought 3,052 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of GBX 59 per share, for a total transaction of £1,800.68. Also, insider Paul Larbey bought 3,053 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of GBX 59 per share, for a total transaction of £1,801.27. Insiders have bought 6,596 shares of company stock valued at $390,108 over the last quarter. Corporate insiders own 12.05% of the company’s stock.
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.