Stingray Group (TSE:RAY.A - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$8.67 and traded as high as C$8.79. Stingray Group shares last traded at C$8.78, with a volume of 9,624 shares trading hands.
Analysts Set New Price Targets
RAY.A has been the topic of several research reports. CIBC raised their price objective on Stingray Group from C$11.00 to C$11.50 in a report on Friday, February 7th. TD Securities lifted their price objective on Stingray Group from C$11.00 to C$12.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, BMO Capital Markets increased their target price 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$11.10.
Check Out Our Latest Stock Report on RAY.A
Stingray Group Stock Performance
The firm's fifty day moving average price is C$8.66 and its two-hundred day moving average price is C$8.10. The stock has a market capitalization of C$466.04 million, a PE ratio of -30.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45.
Insider Buying and Selling at Stingray Group
In other Stingray Group news, Senior Officer Mario Dubois sold 19,800 shares of Stingray Group stock in a transaction dated 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 10,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of C$8.48, for a total transaction of C$84,751.00. 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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