Destiny Media Technologies Inc. (DSNY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Destiny Media Technologies Inc. (OTCMKTS:DSNY) from a hold rating to a buy rating in a report released on Friday, July 21st. They currently have $0.25 price objective on the technology company’s stock.

According to Zacks, “Destiny Media Technologies Inc. is a software development company which provides tools that some of the world’s largest media companies use to distribute their content on the Internet. Products include Play MPE, Clipstream and Radio Destiny. The Company develops technologies that allow for the distribution over the Internet of digital media files in either a streaming or digital download format. The technologies are proprietary. The Company operates out of Vancouver, BC, Canada and serves customers predominantly located in the United States and Canada. Destiny operates through its wholly owned subsidiaries, Destiny Software Productions Inc. and MPE Distribution, Inc. The Company has two main product lines: MPE, which enables content to be transferred permanently to authorized recipients, and Clipstream, an analogous to radio or television where content is streamed to the viewer in a transient manner. “

Separately, ValuEngine upgraded Destiny Media Technologies from a sell rating to a hold rating in a report on Thursday, July 6th.

Shares of Destiny Media Technologies (OTCMKTS DSNY) remained flat at $0.24 during midday trading on Friday. Destiny Media Technologies has a 52 week low of $0.13 and a 52 week high of $0.28. The company has a 50-day moving average of $0.23 and a 200-day moving average of $0.22. The stock has a market capitalization of $13.20 million, a PE ratio of 60.00 and a beta of 2.20.

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Destiny Media Technologies Company Profile

Destiny Media Technologies, Inc develops and markets services that enable the secure distribution of digital media content over the Internet. The Company’s services are based around security, watermarking and instant play streaming media technologies. The Company’s products and services include Clipstream Online Video Platform (OVP), Clipstream Online Video Platform and Play MPE.

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