Stingray Group (TSE:RAY.A) Senior Officer Sells C$166,854.60 in Stock

Stingray Group (TSE:RAY.A) Senior Officer Mario Dubois sold 19,800 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of C$8.43, for a total transaction of C$166,854.60.

Mario Dubois also recently made the following trade(s):

• On Thursday, November 21st, Mario Dubois sold 4,200 shares of Stingray Group stock. The stock was sold at an average price of C$8.30, for a total transaction of C$34,860.00.

Stingray Group Stock Performance

RAY.A stock opened at C$9.05 on Monday. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05. The stock has a market cap of C$480.92 million, a P/E ratio of -31.21, a P/E/G ratio of 1.13 and a beta of 1.07. The firm has a 50 day simple moving average of C$7.80 and a 200 day simple moving average of C$7.72. Stingray Group has a 52 week low of C$6.76 and a 52 week high of C$9.08.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Stingray Group from C$10.50 to C$11.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. CIBC raised their target price on shares of Stingray Group from C$11.00 to C$11.50 in a report on Friday, February 7th. Finally, Royal Bank of Canada raised their price target on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 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.