Stingray Group (TSE:RAY.A - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$9.05 and last traded at C$8.83, with a volume of 187595 shares changing hands. The stock had previously closed at C$8.89.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on RAY.A. CIBC lifted their price target on Stingray Group from C$11.00 to C$11.50 in a research report on Friday. Royal Bank of Canada lifted their price objective on Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price objective on Stingray Group from C$10.50 to C$11.00 and gave the stock a "market perform" rating in a report on Friday.
Get Our Latest Analysis on RAY.A
Stingray Group Trading Down 0.4 %
The stock has a 50-day moving average price of C$7.74 and a two-hundred day moving average price of C$7.70. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05. The stock has a market capitalization of C$452.75 million, a PE ratio of -29.38, a PEG ratio of 1.13 and a beta of 1.07.
Insider Buying and Selling
In other news, Senior Officer Lloyd Perry Feldman sold 8,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of C$7.50, for a total transaction of C$60,008.00. Also, Senior Officer Mario Dubois sold 4,200 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$8.30, for a total value of C$34,860.00. In the last three months, insiders have sold 22,800 shares of company stock valued at $180,088. Corporate insiders own 25.46% of the company's stock.
About Stingray Group
(
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Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.
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