Insider Selling: Stingray Group (TSE:RAY.A) Senior Officer Sells 10,000 Shares of Stock

Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman sold 10,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$8.48, for a total transaction of C$84,751.00.

Lloyd Perry Feldman also recently made the following trade(s):

• On Friday, December 20th, Lloyd Perry Feldman sold 8,000 shares of Stingray Group stock. The stock was sold at an average price of C$7.50, for a total transaction of C$60,008.00.

Stingray Group Stock Down 0.9 %

Shares of TSE RAY.A opened at C$8.37 on Thursday. The firm’s 50-day moving average is C$7.76 and its two-hundred day moving average is C$7.71. The company has a market capitalization of C$444.78 million, a PE ratio of -28.86, 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$9.05. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. BMO Capital Markets raised their price objective on Stingray Group from C$10.50 to C$11.00 and gave the company a “market perform” rating in a research note on Friday, February 7th. Finally, CIBC boosted their target price on Stingray Group from C$11.00 to C$11.50 in a research report on Friday, February 7th.

About Stingray Group

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.