Mario Dubois Sells 19,800 Shares of Stingray Group (TSE:RAY.A) Stock

Stingray Group (TSE:RAY.A - Get Free Report) Senior Officer Mario Dubois sold 19,800 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of C$8.43, for a total value of C$166,854.60.

Mario Dubois also recently made the following trade(s):

• On Thursday, November 21st, Mario Dubois sold 4,200 shares of Stingray Group stock. The stock was sold at an average price of C$8.30, for a total transaction of C$34,860.00.

Stingray Group Stock Performance

Shares of RAY.A traded up C$0.01 during midday trading on Tuesday, reaching C$9.06. The stock had a trading volume of 58,242 shares, compared to its average volume of 48,835. 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 has a 50 day simple moving average of C$7.82 and a 200-day simple moving average of C$7.72. The firm has a market cap of C$481.45 million, a PE ratio of -31.24, a P/E/G ratio of 1.13 and a beta of 1.07. Stingray Group has a one year low of C$6.76 and a one year high of C$9.09.

Wall Street Analyst Weigh In

RAY.A has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Stingray Group from C$10.00 to C$11.00 in a research note on Thursday, November 7th. BMO Capital Markets lifted their price objective on Stingray Group from C$10.50 to C$11.00 and gave the company a "market perform" rating in a report on Friday, February 7th. Finally, CIBC boosted their price objective on Stingray Group from C$11.00 to C$11.50 in a research report on Friday, February 7th.

About Stingray Group

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.