Stingray Digitl (TSE:RAY) Shares Down 0.5% – Here’s What Happened

Stingray Digitl (TSE:RAY) shares were down 0.5% during mid-day trading on Wednesday. The company traded as low as C$15.80 and last traded at C$16.07. Approximately 14,333 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 46,563 shares. The stock had previously closed at C$16.15.

Stingray Digitl Stock Performance

The stock has a market cap of C$1.08 billion, a price-to-earnings ratio of -28.19 and a beta of 1.15. The company’s 50 day simple moving average is C$15.68 and its 200 day simple moving average is C$15.28.

Stingray Digitl (TSE:RAY) last issued its quarterly earnings results on Monday, August 10th. The company reported C$0.40 earnings per share for the quarter. The company had revenue of C$158.02 million during the quarter.

About Stingray Digitl

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.