Stingray Digitl (TSE:RAY) Announces Earnings Results

Stingray Digitl (TSE:RAY) released its quarterly earnings data on Tuesday. The company reported C$0.31 EPS for the quarter, FiscalAI reports.

Stingray Digitl Trading Up 3.3%

Shares of TSE RAY opened at C$14.99 on Wednesday. The firm has a market cap of C$1.02 billion, a PE ratio of 23.79 and a beta of 1.16. Stingray Digitl has a 52-week low of C$8.58 and a 52-week high of C$18.00. The firm has a 50-day moving average price of C$14.73.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. National Bank Financial dropped their target price on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, Stingray Digitl currently has an average rating of “Buy” and a consensus target price of C$20.50.

Stingray Digitl Company Profile

Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.