Shares of Stingray Group (TSE:RAY.A) have been given an average recommendation of “Buy” by the six brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$9.17.
RAY.A has been the subject of several research analyst reports. TD Securities lowered their price objective on Stingray Group from C$9.50 to C$9.00 and set a “buy” rating for the company in a report on Friday, November 8th. BMO Capital Markets increased their price objective on Stingray Group from C$9.00 to C$9.50 in a research note on Monday, September 9th. Finally, National Bank Financial raised their price target on shares of Stingray Group from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Thursday, August 8th.
Shares of TSE:RAY.A traded down C$0.04 during midday trading on Friday, reaching C$6.52. The company had a trading volume of 24,704 shares, compared to its average volume of 25,612. The stock has a market capitalization of $375.55 million and a P/E ratio of -109.67. The stock’s fifty day moving average price is C$7.11 and its 200-day moving average price is C$6.66. The company has a debt-to-equity ratio of 134.41, a current ratio of 0.91 and a quick ratio of 0.80. Stingray Group has a one year low of C$5.51 and a one year high of C$7.94.
Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.
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