Stingray Group (TSE:RAY.B) Sets New 1-Year High – Here’s What Happened

Stingray Group (TSE:RAY.BGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$14.50 and last traded at C$13.30, with a volume of 5061 shares changing hands. The stock had previously closed at C$11.18.

Stingray Group Stock Performance

The stock’s fifty day moving average price is C$10.87 and its two-hundred day moving average price is C$9.94. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. The stock has a market capitalization of C$916.74 million, a P/E ratio of 17.76 and a beta of 2.27.

About Stingray Group

(Get Free Report)

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.

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