Insider Selling: Stingray Group (TSE:RAY.A) Senior Officer Sells 10,000 Shares of Stock

Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman sold 10,000 shares of Stingray Group stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$8.48, for a total value of C$84,751.00.

Lloyd Perry Feldman also recently made the following trade(s):

• On Friday, December 20th, Lloyd Perry Feldman sold 8,000 shares of Stingray Group stock. The shares were sold at an average price of C$7.50, for a total value of C$60,008.00.

Stingray Group Trading Down 0.8 %

Stingray Group stock traded down C$0.07 during midday trading on Tuesday, hitting C$8.45. 36,470 shares of the stock were exchanged, compared to its average volume of 48,194. 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’s 50-day simple moving average is C$7.75 and its 200 day simple moving average is C$7.70. Stingray Group has a fifty-two week low of C$6.76 and a fifty-two week high of C$9.05. The stock has a market capitalization of C$449.03 million, a price-to-earnings ratio of -29.14, a PEG ratio of 1.13 and a beta of 1.07.

Analysts Set New Price Targets

A number of brokerages have weighed in on RAY.A. BMO Capital Markets raised their price objective on Stingray Group from C$10.50 to C$11.00 and gave the company a “market perform” rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of Stingray Group from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Finally, CIBC raised their target price on shares of Stingray Group from C$11.00 to C$11.50 in a research note on Friday.

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.