Stingray Group (TSE:RAY.A - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$7.50 and traded as low as C$7.12. Stingray Group shares last traded at C$7.16, with a volume of 13,415 shares changing hands.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on RAY.A shares. BMO Capital Markets upped their target price on shares of Stingray Group from C$9.50 to C$10.50 in a research report on Thursday, August 8th. National Bankshares lifted their price target on Stingray Group from C$9.50 to C$10.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th.
View Our Latest Research Report on RAY.A
Stingray Group Stock Performance
The business has a 50 day moving average price of C$7.48 and a two-hundred day moving average price of C$7.57. The company has a market cap of C$375.70 million, a P/E ratio of -24.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05.
Insider Buying and Selling at Stingray Group
In other Stingray Group news, Senior Officer Mario Dubois sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$8.00, for a total transaction of C$60,000.00. Insiders sold 28,900 shares of company stock valued at $230,688 in the last 90 days. Insiders own 25.46% of the company's stock.
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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