Stingray Group (TSE:RAY.A) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Stingray Group (TSE:RAY.A)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$7.68 and traded as high as C$7.88. Stingray Group shares last traded at C$7.80, with a volume of 41,083 shares changing hands.

Analyst Ratings Changes

RAY.A has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Stingray Group from C$10.00 to C$11.00 in a research report on Thursday, November 7th. CIBC lifted their price target on shares of Stingray Group from C$10.50 to C$11.00 in a report on Thursday, November 7th.

Stingray Group Stock Performance

The stock has a 50-day moving average price of C$7.68 and a 200 day moving average price of C$7.64. The firm has a market cap of C$414.49 million, a PE ratio of -26.90, a P/E/G ratio of 1.13 and a beta of 1.07. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69.

Insider Buying and Selling at Stingray Group

In other news, Senior Officer Mario Dubois sold 10,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$7.99, for a total value of C$79,920.00. Also, Senior Officer Ratha Khuong sold 5,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$8.11, for a total transaction of C$40,569.00. Insiders sold 24,800 shares of company stock worth $200,000 in the last 90 days. 25.46% of the stock is owned by company insiders.

Stingray Group Company Profile

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.