Stingray Group (TSE:RAY.A - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$8.27 and traded as high as C$8.56. Stingray Group shares last traded at C$8.49, with a volume of 13,685 shares traded.
Analyst Ratings Changes
A number of analysts have recently issued reports on RAY.A shares. BMO Capital Markets lifted their price objective on shares of Stingray Group from C$10.50 to C$11.00 and gave the stock a "market perform" rating in a 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.
Get Our Latest Research Report on RAY.A
Stingray Group Trading Up 0.9 %
The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69. The stock has a market cap of C$460.19 million, a P/E ratio of -29.86, a P/E/G ratio of 1.13 and a beta of 1.07. The firm's 50 day moving average price is C$8.31 and its 200-day moving average price is C$7.83.
Insider Transactions at Stingray Group
In related news, Senior Officer Mario Dubois sold 19,800 shares of the firm'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. Also, Senior Officer Lloyd Perry Feldman sold 8,000 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of C$7.50, for a total transaction of C$60,008.00. Insiders sold a total of 37,800 shares of company stock valued at $311,614 over the last three months. Corporate insiders own 25.46% of the company's stock.
Stingray Group Company Profile
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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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