Stingray Group (TSE:RAY.A) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Stingray Group (TSE:RAY.A)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$8.50 and traded as high as C$8.82. Stingray Group shares last traded at C$8.78, with a volume of 24,493 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities increased their price target on shares of Stingray Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th.

Stingray Group Price Performance

The company’s fifty day moving average price is C$8.50 and its 200 day moving average price is C$8.30. 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 firm has a market capitalization of C$466.57 million, a price-to-earnings ratio of -30.28, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07.

Stingray Group Company Profile

Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.