Stingray Group (TSE:RAY.A) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Stingray Group (TSE:RAY.A) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$7.44 and traded as high as C$8.30. Stingray Group shares last traded at C$8.15, with a volume of 66,104 shares traded.

Analyst Upgrades and Downgrades

RAY.A has been the subject of several research reports. CIBC raised their price target on Stingray Group from C$10.50 to C$11.00 in a report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. BMO Capital Markets increased their price target on shares of Stingray Group from C$9.50 to C$10.50 in a report on Thursday, August 8th. Finally, National Bankshares raised their price objective on shares of Stingray Group from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Stingray Group Trading Down 1.8 %

The stock has a market capitalization of C$433.09 million, a P/E ratio of -28.10, a P/E/G ratio of 1.13 and a beta of 1.07. 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 business has a 50-day moving average price of C$7.44 and a two-hundred day moving average price of C$7.58.

Insider Buying and Selling at Stingray Group

In related news, Senior Officer Mario Dubois sold 10,000 shares of the stock in a transaction that occurred 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. Insiders sold a total of 14,300 shares of company stock worth $114,070 over the last three months. Corporate insiders own 25.46% of the company’s stock.

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.