Stingray Group (TSE:RAY.B) Trading Up 1% – Here’s What Happened

Stingray Group (TSE:RAY.BGet Free Report) shares rose 1% during mid-day trading on Monday . The company traded as high as C$14.14 and last traded at C$14.14. Approximately 711 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 1,002 shares. The stock had previously closed at C$14.00.

Stingray Group Trading Up 1.0%

The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 154.45. The company has a 50-day moving average price of C$12.60 and a 200 day moving average price of C$10.91. The firm has a market cap of C$960.20 million, a price-to-earnings ratio of 18.61 and a beta of 2.41.

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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