Stingray Group (TSE:RAY.B) Trading Down 3.6% - Should You Sell?

Key Points

• Sintgray Group's shares declined by 3.6%, trading at C$10.12, which is a significant drop from a previous close of C$10.50.
• The company's market capitalization stands at C$699.59 million, with a debt-to-equity ratio of 154.45 and a price-to-earnings ratio of 15.33.
• Stingray Group is engaged in providing diverse music, media, and technology services, including broadcasting and commercial music segments.

Shares of Stingray Group (TSE:RAY.B - ) fell 3.6% during trading on Friday . The stock traded as low as C$10.12 and last traded at C$10.12. 300 shares were traded during mid-day trading, a decline of 66% from the average session volume of 894 shares. The stock had previously closed at C$10.50.

Stingray Group Stock Performance

The firm's fifty day moving average price is C$10.24 and its 200 day moving average price is C$9.31. 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 capitalization of C$699.59 million, a price-to-earnings ratio of 15.33 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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