Stingray Group (TSE:RAY.A - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$8.63 and traded as high as C$8.78. Stingray Group shares last traded at C$8.73, with a volume of 4,873 shares.
Analyst Upgrades and Downgrades
Several analysts have recently commented on RAY.A shares. CIBC increased their price objective on Stingray Group from C$11.00 to C$11.50 in a research note on Friday, February 7th. BMO Capital Markets upped their price target on Stingray Group from C$10.50 to C$11.00 and gave the stock a "market perform" rating in a report on Friday, February 7th. Finally, TD Securities raised their price objective 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.
Read Our Latest Analysis on RAY.A
Stingray Group Trading Down 0.8%
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 stock has a market cap of C$458.60 million, a P/E ratio of -29.76, a P/E/G ratio of 1.13 and a beta of 1.07. The stock has a 50-day moving average price of C$8.65 and a 200-day moving average price of C$8.27.
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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