Stingray Group (TSE:RAY.A - Get Free Report)'s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$10.15 and traded as low as C$10.11. Stingray Group shares last traded at C$10.18, with a volume of 26,959 shares changing hands.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. National Bankshares boosted their target price on shares of Stingray Group from C$12.00 to C$13.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. CIBC boosted their target price on shares of Stingray Group from C$11.50 to C$13.50 in a research note on Thursday, June 12th. Finally, Desjardins set a C$11.50 target price on shares of Stingray Group and gave the company a "buy" rating in a research note on Wednesday, June 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Stingray Group presently has an average rating of "Moderate Buy" and a consensus target price of C$12.00.
Read Our Latest Stock Report on RAY.A
Stingray Group Trading Down 0.1%
The business's 50 day moving average price is C$10.15 and its two-hundred day moving average price is C$9.40. The company has a market capitalization of C$689.11 million, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.13 and a beta of 1.10. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05.
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.
Further Reading
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