Destiny Media Technologies (CVE:DSY) Sets New 1-Year High – Should You Buy?

Destiny Media Technologies Inc. (CVE:DSY)’s share price hit a new 52-week high on Monday . The stock traded as high as C$0.96 and last traded at C$0.96, with a volume of 6000 shares trading hands. The stock had previously closed at C$0.68.

Destiny Media Technologies Stock Up 55.9%

The stock has a market cap of C$10.22 million, a price-to-earnings ratio of -15.14 and a beta of 0.49. The company’s 50-day moving average is C$0.71 and its 200-day moving average is C$0.68.

Destiny Media Technologies Company Profile

Destiny Media Technologies Inc develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet. It offers Play MPE, an online platform that distributes promotional content, including broadcast quality audio, video, images, promotional information, and other digital content from record labels and artists to broadcasting professionals, music curators, and music reviewers to discover, download, broadcast, and review the content; Play MPE CASTER; Play MPE Quickshare provides a distribution tool for Play MPE customers to promote music; and Play MPE Player for music curators to review and download content through cloud-based player and mobile apps.