Destiny Media Technologies (CVE:DSY) Hits New 12-Month Low – Time to Sell?

Destiny Media Technologies Inc. (CVE:DSYGet Free Report) reached a new 52-week low during trading on Friday . The company traded as low as C$0.50 and last traded at C$0.50, with a volume of 4087 shares changing hands. The stock had previously closed at C$0.70.

Destiny Media Technologies Stock Down 28.6 %

The business’s fifty day moving average is C$0.85 and its two-hundred day moving average is C$0.97. The stock has a market capitalization of C$3.39 million, a PE ratio of -172.69 and a beta of 0.95.

About Destiny Media Technologies

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Destiny Media Technologies Inc develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet. It offers Play MPE, an online platform that distributes promotional content, including broadcast quality audio, video, images, promotional information, and other digital content from record labels and artists to broadcasting professionals, music curators, and music reviewers to discover, download, broadcast, and review the content; Play MPE CASTER; Play MPE Quickshare provides a distribution tool for Play MPE customers to promote music; and Play MPE Player for music curators to review and download content through cloud-based player and mobile apps.

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