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

by · The Cerbat Gem

Stingray Group (TSE:RAY.B – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$16.50 and last traded at C$15.25, with a volume of 1455 shares trading hands. The stock had previously closed at C$15.00.

Stingray Group Price Performance

The stock’s 50 day simple moving average is C$11.52 and its 200-day simple moving average is C$10.34. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 19.74 and a beta of 2.27. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05.

About Stingray Group

(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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