Stingray Group (TSE:RAY.A) Senior Officer Ratha Khuong Sells 5,000 Shares

Stingray Group (TSE:RAY.A) Senior Officer Ratha Khuong sold 5,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$8.11, for a total transaction of C$40,569.00.

Stingray Group Price Performance

Shares of RAY.A stock opened at C$7.97 on Friday. Stingray Group has a 1 year low of C$5.09 and a 1 year high of C$8.54. 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 firm’s 50 day moving average is C$7.55 and its 200-day moving average is C$7.61. The firm has a market capitalization of C$423.53 million, a price-to-earnings ratio of -27.48, a PEG ratio of 1.13 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. CIBC lifted their price target on shares of Stingray Group from C$10.50 to C$11.00 in a report on Thursday, November 7th. Royal Bank of Canada boosted their target price on Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. BMO Capital Markets raised their price target on Stingray Group from C$9.50 to C$10.50 in a report on Thursday, August 8th. Finally, National Bankshares lifted their price objective on Stingray Group from C$9.50 to C$10.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th.

About Stingray Group

Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.