Stingray Digitl (TSE:RAY – Get Free Report) issued its quarterly earnings results on Monday. The company reported C$0.40 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$158.02 million for the quarter.
Stingray Digitl Price Performance
RAY opened at C$15.40 on Monday. Stingray Digitl has a fifty-two week low of C$9.55 and a fifty-two week high of C$18.00. The firm’s 50-day moving average price is C$15.33. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -36.67 and a beta of 1.16.
Analysts Set New Price Targets
Several brokerages have recently issued reports on RAY. Desjardins upgraded Stingray Digitl to a “moderate buy” rating in a research note on Monday, June 22nd. ATB Cormark Capital Markets set a C$24.00 price target on shares of Stingray Digitl and gave the company a “buy” rating in a report on Friday, June 19th. National Bank Financial cut their target price on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, Canaccord Genuity Group raised their price objective on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the company a “buy” rating in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$21.75.
About Stingray Digitl
Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.
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