Stingray Group (TSE:RAY.B) Reaches New 12-Month High – What’s Next?

Stingray Group (TSE:RAY.B)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$16.95 and last traded at C$16.95, with a volume of 200 shares changing hands. The stock had previously closed at C$16.00.

Stingray Group Trading Up 5.9%

The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05. The firm has a market capitalization of C$1.15 billion, a P/E ratio of 22.30 and a beta of 1.97. The firm has a 50 day moving average price of C$14.55 and a two-hundred day moving average price of C$12.23.

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. The company generates maximum revenue from the Broadcasting and commercial music segment.