Bango (LON:BGO) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Bango PLC (LON:BGO) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 100.42 and traded as low as GBX 88. Bango shares last traded at GBX 91, with a volume of 666,709 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 244 price target on shares of Bango in a report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 244.

Bango Stock Up 8.0%

The company has a market cap of £76.47 million, a P/E ratio of -28.88 and a beta of 0.36. The company has a quick ratio of 2.37, a current ratio of 0.71 and a debt-to-equity ratio of 37.64. The firm has a fifty day moving average price of GBX 100.42 and a 200 day moving average price of GBX 93.43.

Insider Buying and Selling

In other Bango news, insider Ray Anderson sold 32,500 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 101, for a total value of £32,825. 12.23% of the stock is currently owned by corporate insiders.

Bango Company Profile

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.