Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman Sells 5,000 Shares

Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman sold 5,000 shares of the firm’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of C$9.80, for a total value of C$49,000.00.

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

• On Monday, June 16th, Lloyd Perry Feldman sold 3,100 shares of Stingray Group stock. The shares were sold at an average price of C$9.90, for a total value of C$30,690.93.

Stingray Group Trading Down 0.2%

Shares of Stingray Group stock opened at C$9.97 on Tuesday. The stock has a fifty day moving average price of C$8.82 and a 200-day moving average price of C$8.42. Stingray Group has a 1 year low of C$6.76 and a 1 year high of C$10.10. The firm has a market cap of C$529.81 million, a PE ratio of -34.38, a P/E/G ratio of 1.13 and a beta of 1.07. 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 Upgrades and Downgrades

Several brokerages have recently issued reports on RAY.A. Desjardins set a C$11.50 target price on Stingray Group and gave the company a “buy” rating in a research report on Wednesday, June 11th. TD Securities raised their target price on Stingray Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Finally, CIBC raised their target price on Stingray Group from C$11.50 to C$13.50 in a research report on Thursday, June 12th.

Stingray Group Company Profile

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.