Stingray Group (TSE:RAY.B) Trading Up 12.4% – Still a Buy?

Stingray Group (TSE:RAY.BGet Free Report) traded up 12.4% during mid-day trading on Monday . The company traded as high as C$8.88 and last traded at C$8.88. 305 shares traded hands during trading, a decline of 69% from the average session volume of 978 shares. The stock had previously closed at C$7.90.

Stingray Group Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. The stock has a 50-day moving average price of C$8.52 and a 200 day moving average price of C$7.76. The stock has a market capitalization of C$21.06 million, a price-to-earnings ratio of -31.03 and a beta of 1.07.

Stingray Group Company Profile

(Get Free Report)

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.

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