Destiny Media Technologies (OTCMKTS:DSNY) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Destiny Media Technologies Inc. (OTCMKTS:DSNY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.80 and traded as low as $0.51. Destiny Media Technologies shares last traded at $0.58, with a volume of 7,100 shares trading hands.

Destiny Media Technologies Stock Performance

The company has a 50 day moving average of $0.70 and a 200 day moving average of $0.80. The stock has a market capitalization of $6.17 million, a price-to-earnings ratio of -63.99 and a beta of 1.00.

Destiny Media Technologies (OTCMKTS:DSNY) last posted its quarterly earnings results on Tuesday, January 14th. The technology company reported $0.01 EPS for the quarter. Destiny Media Technologies had a negative return on equity of 0.62% and a negative net margin of 0.42%.

About Destiny Media Technologies

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.