Destiny Media Technologies (OTCMKTS:DSNY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Destiny Media Technologies Inc. (OTCMKTS:DSNY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.55 and traded as high as $0.7866. Destiny Media Technologies shares last traded at $0.7866, with a volume of 142 shares.

Destiny Media Technologies Price Performance

The company has a market capitalization of $7.58 million, a P/E ratio of -11.24 and a beta of 0.45. The stock has a 50-day moving average price of $0.55 and a 200-day moving average price of $0.49.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.01 earnings per share (EPS) for the quarter. Destiny Media Technologies had a negative return on equity of 25.48% and a negative net margin of 14.80%.The company had revenue of $1.24 million during the quarter.

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.