Stingray Group (TSE:RAY.A - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$9.08 and last traded at C$9.03, with a volume of 48986 shares trading hands. The stock had previously closed at C$8.70.
Analyst Upgrades and Downgrades
RAY.A has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Stingray Group from C$10.50 to C$11.00 and gave the company a "market perform" rating in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on Stingray Group from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, CIBC lifted their price objective on Stingray Group from C$11.00 to C$11.50 in a research note on Friday, February 7th.
Get Our Latest Report on Stingray Group
Stingray Group Price Performance
The stock has a market capitalization of C$479.32 million, a price-to-earnings ratio of -31.10, a PEG ratio of 1.13 and a beta of 1.07. 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 company has a 50 day moving average of C$7.82 and a 200 day moving average of C$7.72.
Insider Buying and Selling
In other Stingray Group news, Senior Officer Lloyd Perry Feldman sold 10,000 shares of Stingray Group stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$8.48, for a total transaction of C$84,751.00. Also, Senior Officer Mathieu Péloquin sold 5,000 shares of Stingray Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$7.97, for a total value of C$39,850.00. Insiders sold 52,500 shares of company stock valued at $430,864 in the last three months. 25.46% of the stock is owned by corporate insiders.
About Stingray Group
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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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