Destiny Media Technologies (OTCMKTS:DSNY) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Destiny Media Technologies Inc. (OTCMKTS:DSNYGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.60 and traded as low as $0.4009. Destiny Media Technologies shares last traded at $0.5402, with a volume of 500 shares traded.

Destiny Media Technologies Trading Up 2.7%

The business has a 50-day moving average price of $0.61 and a 200-day moving average price of $0.60. The firm has a market cap of $5.21 million, a P/E ratio of -4.91 and a beta of 0.38.

Destiny Media Technologies (OTCMKTS:DSNYGet Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The technology company reported ($0.02) EPS for the quarter. The business had revenue of $1.04 million during the quarter. Destiny Media Technologies had a negative net margin of 24.31% and a negative return on equity of 39.01%.

Destiny Media Technologies Company Profile

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Destiny Media Technologies Inc develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet. It offers Play MPE, an online platform that distributes promotional content, including broadcast quality audio, video, images, promotional information, and other digital content from record labels and artists to broadcasting professionals, music curators, and music reviewers to discover, download, broadcast, and review the content; Play MPE CASTER; Play MPE Quickshare provides a distribution tool for Play MPE customers to promote music; and Play MPE Player for music curators to review and download content through cloud-based player and mobile apps.

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