Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman Sells 10,000 Shares

Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman sold 10,000 shares of the business’s stock in a transaction that occurred 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 Price Performance

Shares of RAY.A opened at C$8.45 on Wednesday. The firm has a market cap of C$449.03 million, a PE ratio of -29.14, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. Stingray Group has a 52-week low of C$6.76 and a 52-week high of C$9.05. The business’s 50 day moving average price is C$7.75 and its two-hundred day moving average price is C$7.70. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05.

Wall Street Analysts Forecast Growth

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

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.