Stingray Group (TSE:RAY.A - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$8.16 and traded as high as C$8.76. Stingray Group shares last traded at C$8.56, with a volume of 25,111 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on RAY.A shares. BMO Capital Markets lifted their target price on shares of Stingray Group from C$10.50 to C$11.00 and gave the company a "market perform" rating in a research note on Friday, February 7th. CIBC raised 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 Analysis on RAY.A
Stingray Group Stock Down 1.3 %
The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 154.45. The stock has a market capitalization of C$450.10 million, a PE ratio of -29.21, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The company's fifty day moving average price is C$8.20 and its 200-day moving average price is C$7.81.
Insiders Place Their Bets
In related news, Senior Officer Mario Dubois sold 19,800 shares of Stingray Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of C$8.43, for a total value of C$166,854.60. Also, Senior Officer Lloyd Perry Feldman sold 8,000 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of C$7.50, for a total value of C$60,008.00. Over the last three months, insiders have sold 37,800 shares of company stock valued at $311,614. 25.46% of the stock is currently owned by corporate insiders.
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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