Lloyd Perry Feldman Sells 8,000 Shares of Stingray Group (TSE:RAY.A) Stock

Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman sold 8,000 shares of Stingray Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of C$7.50, for a total value of C$60,008.00.

Stingray Group Price Performance

Shares of Stingray Group stock traded down C$0.03 during trading hours on Tuesday, reaching C$7.41. The company’s stock had a trading volume of 6,148 shares, compared to its average volume of 40,145. The firm has a 50 day moving average price of C$7.69 and a 200-day moving average price of C$7.65. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69. The stock has a market cap of C$393.77 million, a P/E ratio of -25.55, a P/E/G ratio of 1.13 and a beta of 1.07. Stingray Group has a one year low of C$5.59 and a one year high of C$8.54.

Analysts Set New Price Targets

Several equities analysts have recently commented on RAY.A shares. Royal Bank of Canada boosted their target price on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. CIBC increased their price objective on shares of Stingray Group from C$10.50 to C$11.00 in a report on Thursday, November 7th.

About Stingray Group

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.