Stingray Group (TSE:RAY.A - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$10.14 and last traded at C$10.01, with a volume of 49429 shares trading hands. The stock had previously closed at C$9.97.
Analyst Upgrades and Downgrades
Several equities analysts have commented on RAY.A shares. CIBC raised their target price on shares of Stingray Group from C$11.50 to C$13.50 in a report on Thursday, June 12th. Desjardins set a C$11.50 target price on Stingray Group and gave the company a "buy" rating in a research report on Wednesday, June 11th. Finally, TD Securities boosted 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.
Check Out Our Latest Stock Analysis on Stingray Group
Stingray Group Stock Down 0.2%
The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. The stock has a market capitalization of C$528.74 million, a PE ratio of -34.31, a P/E/G ratio of 1.13 and a beta of 1.07. The stock's fifty day simple moving average is C$8.82 and its 200-day simple moving average is C$8.42.
Insider Buying and Selling
In related news, Senior Officer Lloyd Perry Feldman sold 5,000 shares of the firm's 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 value of C$49,000.00. 25.46% of the stock is currently owned by corporate insiders.
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.
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