Stingray Group (TSE:RAY.B) Stock Price Up 1% – Here’s Why

Shares of Stingray Group (TSE:RAY.B) were up 1% during trading on Friday . The stock traded as high as C$7.80 and last traded at C$7.79. Approximately 1,200 shares were traded during trading, a decline of 19% from the average daily volume of 1,475 shares. The stock had previously closed at C$7.71.

Stingray Group Price Performance

The firm’s 50 day simple moving average is C$7.53 and its two-hundred day simple moving average is C$7.54. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69. The firm has a market capitalization of C$18.23 million, a P/E ratio of -26.86 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.