Stingray Group (TSE:RAY.B) Shares Up 12.4% – Here’s Why

Stingray Group (TSE:RAY.B)’s share price was up 12.4% during trading on Monday . The stock traded as high as C$8.88 and last traded at C$8.88. Approximately 305 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 978 shares. The stock had previously closed at C$7.90.

Stingray Group Stock Up 1.4 %

The company has a fifty day moving average of C$8.52 and a 200 day moving average of C$7.76. The company has a market cap of C$21.06 million, a P/E ratio of -31.03 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.

Stingray Group Company Profile

Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.