Shares of Stingray Group (TSE:RAY.B – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$16.95 and last traded at C$16.95, with a volume of 200 shares trading hands. The stock had previously closed at C$16.00.
Stingray Group Trading Up 5.9%
The business has a 50 day moving average of C$14.55 and a 200 day moving average of C$12.23. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 22.30 and a beta of 1.97. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69.
About Stingray Group
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.
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