Shares of Stingray Group (TSE:RAY.A - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$8.67 and traded as high as C$8.79. Stingray Group shares last traded at C$8.78, with a volume of 9,624 shares traded.
Analysts Set New Price Targets
RAY.A has been the topic of several research analyst reports. 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. CIBC boosted their target price on shares of Stingray Group from C$11.00 to C$11.50 in a research note on Friday, February 7th. Finally, TD Securities increased their price target on shares of Stingray Group from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Tuesday.
Get Our Latest Stock Report on Stingray Group
Stingray Group Trading Up 1.4 %
The business has a 50 day moving average of C$8.64 and a two-hundred day moving average of C$8.11. 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 firm has a market capitalization of C$466.04 million, a price-to-earnings ratio of -30.24, a P/E/G ratio of 1.13 and a beta of 1.07.
Insider Buying and Selling at Stingray Group
In other Stingray Group news, Senior Officer Lloyd Perry Feldman sold 10,000 shares of Stingray Group stock in a transaction on Monday, February 10th. The shares were sold at an average price of C$8.48, for a total transaction of C$84,751.00. Also, Senior Officer Mario Dubois sold 19,800 shares of the firm's stock in a transaction 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. Company insiders own 25.46% of the company's stock.
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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