Stingray Group (TSE:RAY.A) Stock Price Crosses Below 50 Day Moving Average of $5.84

Shares of Stingray Group (TSE:RAY.A – Get Rating) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$5.84 and traded as low as C$5.62. Stingray Group shares last traded at C$5.65, with a volume of 10,704 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RAY.A shares. Royal Bank of Canada upped their target price on Stingray Group from C$7.00 to C$8.00 in a research report on Thursday, February 9th. BMO Capital Markets upped their target price on Stingray Group from C$6.50 to C$8.00 in a research report on Thursday, February 9th. CIBC increased their price target on Stingray Group from C$6.50 to C$7.50 in a report on Thursday, February 9th. Finally, Canaccord Genuity Group increased their price target on Stingray Group from C$7.50 to C$8.00 in a report on Thursday, February 9th.

Stingray Group Stock Down 3.4 %

The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 143.16. The stock has a 50-day simple moving average of C$5.84 and a 200-day simple moving average of C$5.45. The firm has a market capitalization of C$288.09 million, a PE ratio of 12.84, a P/E/G ratio of 1.13 and a beta of 0.89.

About Stingray Group

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Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.