Stingray Group (TSE:RAY.A) Stock Crosses Above Fifty Day Moving Average of $7.54

Stingray Group (TSE:RAY.AGet Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$7.54 and traded as high as C$7.69. Stingray Group shares last traded at C$7.57, with a volume of 26,401 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RAY.A. CIBC increased their target price on shares of Stingray Group from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Royal Bank of Canada raised their price objective on shares of Stingray Group from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th.

Read Our Latest Report on RAY.A

Stingray Group Stock Performance

The company’s 50-day moving average price is C$7.53 and its two-hundred day moving average price is C$6.96. The company has a debt-to-equity ratio of 134.69, a quick ratio of 0.69 and a current ratio of 1.13. The stock has a market cap of C$384.73 million, a PE ratio of 14.38, a PEG ratio of 1.13 and a beta of 1.11.

Stingray Group Company Profile

(Get Free Report)

Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.

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