Stingray Group (TSE:RAY.A - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$10.55 and last traded at C$10.55, with a volume of 2350 shares. The stock had previously closed at C$10.46.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. CIBC boosted their target price on Stingray Group from C$11.50 to C$13.50 in a report on Thursday, June 12th. TD Securities upped their price objective on Stingray Group from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Desjardins set a C$11.50 price objective on Stingray Group and gave the stock a "buy" rating in a report on Wednesday, June 11th.
Check Out Our Latest Stock Analysis on Stingray Group
Stingray Group Price Performance
The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 154.45. The business's 50 day moving average is C$9.35 and its two-hundred day moving average is C$8.73. The firm has a market cap of C$552.66 million, a P/E ratio of -35.86, a P/E/G ratio of 1.13 and a beta of 1.07.
Insider Transactions at Stingray Group
In other Stingray Group news, Senior Officer Lloyd Perry Feldman sold 5,000 shares of Stingray Group stock in a transaction dated Friday, June 27th. The shares were sold at an average price of C$9.95, for a total value of C$49,750.00. Over the last three months, insiders have sold 13,100 shares of company stock worth $129,441. Company insiders own 25.46% of the company's stock.
About Stingray Group
(
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.
Recommended Stories
Before you consider Stingray Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stingray Group wasn't on the list.
While Stingray Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
