Stingray Group (TSE:RAY.A - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.10 and last traded at C$10.03, with a volume of 41450 shares trading hands. The stock had previously closed at C$9.77.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Desjardins set a C$11.50 price target on shares of Stingray Group and gave the stock a "buy" rating in a research report on Wednesday, June 11th. TD Securities boosted their price objective on Stingray Group from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, CIBC raised their target price on Stingray Group from C$11.50 to C$13.50 in a research report on Thursday, June 12th.
Check Out Our Latest Research Report on RAY.A
Stingray Group Trading Up 1.3%
The stock has a market capitalization of C$530.87 million, a PE ratio of -34.45, a P/E/G ratio of 1.13 and a beta of 1.07. The company's 50 day moving average price is C$8.76 and its two-hundred day moving average price is C$8.39. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69.
Insider Activity at Stingray Group
In related news, Senior Officer Lloyd Perry Feldman sold 3,100 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of C$9.90, for a total transaction of C$30,690.93. Insiders own 25.46% of the company's stock.
Stingray Group Company Profile
(
Get Free Report)
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.
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