Insider Selling: Stingray Group (TSE:RAY.A) Senior Officer Sells 5,000 Shares of Stock

Stingray Group (TSE:RAY.A) Senior Officer Ratha Khuong sold 5,000 shares of Stingray Group stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$8.11, for a total transaction of C$40,569.00.

Stingray Group Stock Up 0.1 %

TSE RAY.A traded up C$0.01 during trading on Friday, hitting C$7.97. The stock had a trading volume of 22,006 shares, compared to its average volume of 41,247. Stingray Group has a 12 month low of C$5.09 and a 12 month high of C$8.54. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05. The company has a market capitalization of C$423.53 million, a PE ratio of -27.45, a P/E/G ratio of 1.13 and a beta of 1.07. The company’s 50-day moving average price is C$7.55 and its two-hundred day moving average price is C$7.61.

Analysts Set New Price Targets

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

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.