Stingray Group (TSE:RAY.A - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$8.65 and traded as high as C$9.03. Stingray Group shares last traded at C$8.95, with a volume of 11,881 shares changing hands.
Analyst Ratings Changes
Several research firms have weighed in on RAY.A. 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. CIBC lifted their price objective on shares of Stingray Group from C$11.00 to C$11.50 in a report on Friday, February 7th.
Check Out Our Latest Report on RAY.A
Stingray Group Trading Down 5.7 %
The stock has a market cap of C$433.09 million, a price-to-earnings ratio of -28.10, a P/E/G ratio of 1.13 and a beta of 1.07. The business's 50 day moving average is C$8.71 and its 200 day moving average is C$7.96. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69.
Insiders Place Their Bets
In other news, Senior Officer Lloyd Perry Feldman sold 10,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of C$8.48, for a total value of C$84,751.00. Also, Senior Officer Mario Dubois sold 19,800 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of C$8.43, for a total transaction of C$166,854.60. 25.46% of the stock is owned by company 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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