Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman Sells 3,100 Shares

Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman sold 3,100 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$9.90, for a total value of C$30,690.93.

Stingray Group Stock Up 2.7%

Shares of RAY.A opened at C$10.03 on Tuesday. The business’s 50 day moving average is C$8.67 and its 200 day moving average is C$8.35. The company has a market capitalization of C$532.99 million, a PE ratio of -34.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. Stingray Group has a 12-month low of C$6.76 and a 12-month high of C$10.10. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45.

Analyst Ratings Changes

RAY.A has been the topic of several recent research reports. CIBC raised their price objective on Stingray Group from C$11.50 to C$13.50 in a research note on Thursday, June 12th. Desjardins set a C$11.50 price objective on Stingray Group and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Finally, TD Securities raised their price objective on Stingray Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th.

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.