Insider Selling: Stingray Group (TSE:RAY.A) Senior Officer Sells C$40,569.00 in Stock

Stingray Group (TSE:RAY.A) Senior Officer Ratha Khuong sold 5,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$8.11, for a total transaction of C$40,569.00.

Stingray Group Price Performance

Shares of Stingray Group stock opened at C$7.97 on Monday. The company’s fifty day simple moving average is C$7.57 and its two-hundred day simple moving average is C$7.61. Stingray Group has a 12-month low of C$5.09 and a 12-month high of C$8.54. The firm has a market cap of C$423.53 million, a PE ratio of -27.48, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 154.45.

Analyst Upgrades and Downgrades

RAY.A has been the subject of a number of research reports. National Bankshares upped 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 research note on Wednesday, August 7th. CIBC upped their price target on shares of Stingray Group from C$10.50 to C$11.00 in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on Stingray Group from C$9.50 to C$10.50 in a report on Thursday, August 8th.

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.