Stingray Group (TSE:RAY.A) Senior Officer Sells C$49,000.00 in Stock

Stingray Group (TSE:RAY.A - Get Free Report) Senior Officer Lloyd Perry Feldman sold 5,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$9.80, for a total transaction of C$49,000.00.

Lloyd Perry Feldman also recently made the following trade(s):

• On Monday, June 16th, Lloyd Perry Feldman sold 3,100 shares of Stingray Group stock. The shares were sold at an average price of C$9.90, for a total value of C$30,690.93.

Stingray Group Trading Up 0.6%

Shares of RAY.A traded up C$0.06 during trading hours on Thursday, hitting C$9.99. 58,848 shares of the stock were exchanged, compared to its average volume of 29,810. Stingray Group has a fifty-two week low of C$6.76 and a fifty-two week high of C$10.14. The business has a 50-day moving average of C$8.90 and a 200-day moving average of C$8.46. The firm has a market capitalization of C$530.87 million, a P/E ratio of -34.45, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69.

Analysts Set New Price Targets

Several research firms have recently weighed in on RAY.A. Desjardins set a C$11.50 price target on Stingray Group and gave the stock a "buy" rating in a report on Wednesday, June 11th. CIBC boosted their target price on shares of Stingray Group from C$11.50 to C$13.50 in a report on Thursday, June 12th. Finally, TD Securities raised their price target on shares of Stingray Group from C$11.00 to C$12.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th.

Stingray Group Company Profile

Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.