Stingray Group (TSE:RAY.B) Shares Down 5.7% – Here’s What Happened

Stingray Group (TSE:RAY.B)’s stock price traded down 5.7% on Monday . The stock traded as low as C$7.50 and last traded at C$7.50. 4,017 shares were traded during trading, an increase of 224% from the average session volume of 1,241 shares. The stock had previously closed at C$7.95.

Stingray Group Stock Performance

The company’s 50-day simple moving average is C$7.44 and its 200 day simple moving average is C$7.49. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. The stock has a market cap of C$18.72 million, a P/E ratio of -27.59 and a beta of 1.07.

About Stingray Group

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.