Stingray Group (TSE:RAY.A) Senior Officer Purchases C$715,000.00 in Stock

Stingray Group (TSE:RAY.AGet Free Report) Senior Officer David Purdy acquired 100,000 shares of Stingray Group stock in a transaction that occurred on Friday, June 21st. The stock was bought at an average price of C$7.15 per share, for a total transaction of C$715,000.00.

Stingray Group Stock Performance

Shares of Stingray Group stock opened at C$7.30 on Monday. Stingray Group has a one year low of C$4.21 and a one year high of C$8.10. The company has a market cap of C$368.58 million, a PE ratio of 13.77, a P/E/G ratio of 1.13 and a beta of 1.11. The company has a debt-to-equity ratio of 134.69, a quick ratio of 0.69 and a current ratio of 1.13. The business has a 50-day simple moving average of C$7.48 and a 200-day simple moving average of C$7.05.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Stingray Group from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. CIBC boosted their price target on shares of Stingray Group from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Thursday, June 6th.

Check Out Our Latest Report on RAY.A

Stingray Group Company Profile

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Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.

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