Stingray Group (TSE:RAY.A - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$9.70 and last traded at C$9.48, with a volume of 17232 shares trading hands. The stock had previously closed at C$8.78.
Analyst Ratings Changes
A number of research firms have issued reports on RAY.A. TD Securities boosted their price target on 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. Desjardins set a C$11.50 price objective on Stingray Group and gave the company a "buy" rating in a research note on Wednesday. Finally, CIBC boosted their price objective on Stingray Group from C$11.50 to C$13.50 in a research note on Thursday.
Get Our Latest Analysis on Stingray Group
Stingray Group Trading Up 0.1%
The stock has a fifty day moving average of C$8.62 and a 200 day moving average of C$8.33. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05. The company has a market capitalization of C$519.18 million, a PE ratio of -33.69, a PEG ratio of 1.13 and a beta of 1.07.
Stingray Group Company Profile
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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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