Stingray Group (TSE:RAY.B) Stock Price Down 0.6% - Here's Why

Key Points

• Stingray Group's stock price decreased by 0.6% to C$10.02, with a trading volume that rose to 1,000 shares, reflecting a 6% increase from its average volume.
• The company has a market capitalization of C$678.28 million, a P/E ratio of 15.18, and is characterized by a high debt-to-equity ratio of 154.45.
• Stingray Group operates in the music and media industry, providing services that include audio television channels, radio stations, and digital signage, segmenting its operations into broadcasting and commercial music.

Stingray Group (TSE:RAY.B - Get Free Report) fell 0.6% during mid-day trading on Friday . The company traded as low as C$10.02 and last traded at C$10.02. 1,000 shares were traded during mid-day trading, an increase of 6% from the average session volume of 941 shares. The stock had previously closed at C$10.08.

Stingray Group Stock Performance

The firm has a market capitalization of C$678.28 million, a price-to-earnings ratio of 15.18 and a beta of 1.93. 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 firm's 50-day moving average is C$10.22 and its 200 day moving average is C$9.11.

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.