Shares of Stingray Group (TSE:RAY.A - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock 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.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on RAY.A. 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 increased their target price on shares of 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, Desjardins set a C$11.50 target price on shares of Stingray Group and gave the company a "buy" rating in a report on Wednesday, June 11th.
Read Our Latest Research Report on Stingray Group
Stingray Group Price Performance
The stock has a market capitalization of C$552.66 million, a PE ratio of -35.86, a PEG ratio of 1.13 and a beta of 1.07. The company's 50 day simple moving average is C$9.38 and its 200 day simple moving average is C$8.77. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45.
Insider Buying and Selling at Stingray Group
In related news, Senior Officer Lloyd Perry Feldman sold 5,000 shares of Stingray Group stock in a transaction on Friday, June 27th. The shares were sold at an average price of C$9.95, for a total transaction of C$49,750.00. In the last quarter, insiders have sold 13,100 shares of company stock worth $129,441. Insiders own 25.46% of the company's stock.
About Stingray Group
(
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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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