Stingray Group (TSE:RAY.B) Trading Down 0.6% - Here's What Happened

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) shares fell 0.6% during mid-day trading on Friday . The stock traded as low as C$10.02 and last traded at C$10.02. 1,000 shares traded hands 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 company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69. The company has a 50 day simple moving average of C$10.22 and a 200-day simple moving average of C$9.11. The firm has a market cap of C$678.28 million, a PE ratio of 15.18 and a beta of 1.93.

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.