Shares of 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$7.68 and traded as high as C$7.88. Stingray Group shares last traded at C$7.80, with a volume of 41,083 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on RAY.A shares. CIBC raised their price objective on shares of Stingray Group from C$10.50 to C$11.00 in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th.
Get Our Latest Stock Analysis on RAY.A
Stingray Group Trading Down 0.9 %
The company has a market capitalization of C$414.49 million, a PE ratio of -26.90, a P/E/G ratio of 1.13 and a beta of 1.07. 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 firm's 50 day moving average is C$7.68 and its 200 day moving average is C$7.63.
Insider Transactions at Stingray Group
In related news, Senior Officer Mario Dubois sold 4,200 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$8.30, for a total value of C$34,860.00. Also, Senior Officer Mathieu Péloquin sold 5,000 shares of Stingray Group stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$7.97, for a total value of C$39,850.00. In the last three months, insiders have sold 24,800 shares of company stock worth $200,000. 25.46% of the stock is currently owned by insiders.
Stingray Group Company Profile
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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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