Stingray Group (TSE:RAY.A - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$8.49 and last traded at C$8.36, with a volume of 131536 shares trading hands. The stock had previously closed at C$8.38.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. CIBC lifted their price target on shares of Stingray Group from C$10.50 to C$11.00 in a report on Thursday, November 7th. Royal Bank of Canada lifted their target price on Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th.
Get Our Latest Analysis on RAY.A
Stingray Group Price Performance
The stock has a market capitalization of C$441.59 million, a P/E ratio of -28.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The business's 50 day simple moving average is C$7.68 and its two-hundred day simple moving average is C$7.67. The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 154.45.
Insider Activity at Stingray Group
In other Stingray Group news, Senior Officer Mario Dubois sold 4,200 shares of the company's stock in a transaction 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. Also, Senior Officer Ratha Khuong sold 5,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$8.11, for a total value of C$40,569.00. In the last three months, insiders sold 32,800 shares of company stock valued at $260,008. 25.46% of the stock is owned by insiders.
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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