Stingray Group (TSE:RAY.A – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$7.50 and traded as low as C$7.12. Stingray Group shares last traded at C$7.16, with a volume of 13,415 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on RAY.A. National Bankshares boosted their price objective on shares of Stingray Group from C$9.50 to C$10.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. BMO Capital Markets raised their price objective on Stingray Group from C$9.50 to C$10.50 in a research note on Thursday, August 8th.
View Our Latest Stock Report on Stingray Group
Stingray Group Stock Down 3.8 %
Insiders Place Their Bets
In other Stingray Group news, Senior Officer Mario Dubois sold 7,500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$8.00, for a total transaction of C$60,000.00. In the last 90 days, insiders sold 28,900 shares of company stock worth $230,688. 25.46% of the stock is currently owned by insiders.
Stingray Group Company Profile
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.
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