Shares of Stingray Group (TSE:RAY.A - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$8.50 and traded as high as C$8.82. Stingray Group shares last traded at C$8.78, with a volume of 24,493 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on RAY.A shares. Desjardins set a C$11.50 price objective on Stingray Group and gave the stock a "buy" rating in a research note on Wednesday. CIBC raised their target price on Stingray Group from C$11.50 to C$13.50 in a report on Thursday. Finally, TD Securities lifted their price target on Stingray Group from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th.
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Stingray Group Trading Up 0.1%
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 50-day simple moving average of C$8.62 and a 200 day simple moving average of C$8.33. The company has a market capitalization of C$519.18 million, a P/E ratio of -33.69, a P/E/G ratio of 1.13 and a beta of 1.07.
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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