Stingray Group (TSE:RAY.A) Hits New 12-Month High at $7.92

Stingray Group (TSE:RAY.A - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$7.92 and last traded at C$7.87, with a volume of 13197 shares trading hands. The stock had previously closed at C$7.89.

Wall Street Analyst Weigh In

RAY.A has been the subject of several analyst reports. BMO Capital Markets upped their price target on shares of Stingray Group from C$7.00 to C$9.50 in a research report on Thursday, February 8th. CIBC increased their target price on shares of Stingray Group from C$8.00 to C$10.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Desjardins increased their target price on shares of Stingray Group from C$9.00 to C$10.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada increased their target price on shares of Stingray Group from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a report on Tuesday, February 6th.

Stingray Group Stock Up 0.8 %

The stock's 50 day simple moving average is C$7.30 and its two-hundred day simple moving average is C$5.98. The firm has a market cap of C$401.40 million, a P/E ratio of 15.00, a P/E/G ratio of 1.13 and a beta of 1.09. The company has a debt-to-equity ratio of 134.69, a current ratio of 1.13 and a quick ratio of 0.69.

Stingray Group Company Profile

Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.