Stingray Digitl (TSE:RAY) Stock Falls 0.5% – Here’s What Happened

Stingray Digitl (TSE:RAY – Get Free Report)’s share price dropped 0.5% during trading on Wednesday. The stock 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 daily volume of 46,563 shares. The stock had previously closed at C$16.15.

Stingray Digitl Stock Down 0.5%

The stock has a market capitalization of C$1.08 billion, a P/E ratio of -28.19 and a beta of 1.15. The firm’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 – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported C$0.40 earnings per share for the quarter. The business had revenue of C$158.02 million for the quarter.

About Stingray Digitl

(Get Free Report)

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.

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