Stingray Group (TSE:RAY.B) Sets New 52-Week High - Should You Buy?

Key Points

• Stingray Group shares reached a new 52-week high of C$11.50, up from a previous close of C$11.00, with a trading volume of 1,051 shares.
• The company's financial metrics include a debt-to-equity ratio of 154.45 and a market capitalization of C$788.07 million, with a price-to-earnings ratio of 17.27.
• Stingray Group operates in the music and media sector, offering various services such as audio television channels and digital signage through distinct segments.

Stingray Group (TSE:RAY.B - )'s share price hit a new 52-week high on Friday . The company traded as high as C$11.50 and last traded at C$11.50, with a volume of 1051 shares. The stock had previously closed at C$11.00.

Stingray Group Price Performance

The stock's 50 day moving average price is C$10.31 and its two-hundred day moving average price is C$9.45. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69. The firm has a market capitalization of C$788.07 million, a price-to-earnings ratio of 17.27 and a beta of 2.04.

Stingray Group Company Profile

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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