Destiny Media Technologies (CVE:DSY) Shares Down 3.2%

Destiny Media Technologies Inc (CVE:DSY) was down 3.2% during trading on Thursday . The stock traded as low as C$0.92 and last traded at C$0.92, approximately 6,473 shares traded hands during trading. A decline of 35% from the average daily volume of 10,017 shares. The stock had previously closed at C$0.95.

The firm has a 50-day moving average of C$0.95 and a 200 day moving average of C$1.10. The company has a debt-to-equity ratio of 21.62, a current ratio of 3.87 and a quick ratio of 3.78. The stock has a market capitalization of $10.12 million and a price-to-earnings ratio of 36.80.

Destiny Media Technologies (CVE:DSY) last issued its quarterly earnings results on Wednesday, April 15th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$1.06 million during the quarter. On average, equities analysts forecast that Destiny Media Technologies Inc will post 0.01 earnings per share for the current year.

About Destiny Media Technologies (CVE:DSY)

Destiny Media Technologies Inc, through its subsidiary, Destiny Software Productions Inc, develops and markets software as a service solutions for the distribution and promotion of digital media files over the Internet in the United States, Canada, Europe, Asia, South America, Africa, and Australia. It primarily develops technologies, which allow the distribution of digital media files either in a streaming or digital download format.

Further Reading: Derivative

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