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$8.67 and traded as high as C$8.75. Stingray Group shares last traded at C$8.75, with a volume of 6,717 shares.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. CIBC increased their price target on Stingray Group from C$11.00 to C$11.50 in a report on Friday, February 7th. BMO Capital Markets increased 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.
Read Our Latest Stock Report on RAY.A
Stingray Group Price Performance
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 cap of C$466.04 million, a price-to-earnings ratio of -30.24, a PEG ratio of 1.13 and a beta of 1.07. The stock has a 50-day moving average price of C$8.68 and a two-hundred day moving average price of C$8.06.
Insider Transactions at Stingray Group
In related news, Senior Officer Lloyd Perry Feldman sold 10,000 shares of Stingray Group stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$8.48, for a total value of C$84,751.00. Also, Senior Officer Mario Dubois sold 19,800 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of C$8.43, for a total value of C$166,854.60. Insiders own 25.46% of the company's stock.
Stingray Group Company Profile
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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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