Stingray Group (TSE:RAY.A - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$7.44 and traded as high as C$8.30. Stingray Group shares last traded at C$8.15, with a volume of 66,104 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms have commented on RAY.A. CIBC boosted their price target on shares of Stingray Group from C$10.50 to C$11.00 in a research note on Thursday, November 7th. National Bankshares lifted their price target on shares of Stingray Group from C$9.50 to C$10.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. BMO Capital Markets raised their target price on shares of Stingray Group from C$9.50 to C$10.50 in a research note on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price objective on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th.
View Our Latest Research Report on Stingray Group
Stingray Group Stock Performance
The company has a market capitalization of C$438.41 million, a PE ratio of -28.10, a PEG ratio of 1.13 and a beta of 1.07. 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 business has a 50 day simple moving average of C$7.44 and a 200 day simple moving average of C$7.58.
Insider Transactions at Stingray Group
In related news, Senior Officer Mario Dubois sold 10,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$7.99, for a total value of C$79,920.00. Insiders have sold 14,300 shares of company stock worth $114,070 over the last 90 days. 25.46% of the stock is currently owned by company insiders.
About Stingray Group
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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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