Stingray Group (TSE:RAY.B) Sets New 12-Month High – Still a Buy?

Stingray Group (TSE:RAY.BGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$14.50 and last traded at C$13.30, with a volume of 5061 shares trading hands. The stock had previously closed at C$11.18.

Stingray Group Price Performance

The firm has a market capitalization of C$919.42 million, a price-to-earnings ratio of 20.15 and a beta of 2.27. 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 business has a 50-day moving average price of C$10.67 and a two-hundred day moving average price of C$9.85.

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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