Destiny Media Technologies (OTCMKTS:DSNY) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Destiny Media Technologies Inc. (OTCMKTS:DSNY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.88 and traded as low as $0.84. Destiny Media Technologies shares last traded at $0.84, with a volume of 3,275 shares trading hands.

Destiny Media Technologies Trading Down 8.1 %

The stock has a fifty day moving average of $0.82 and a two-hundred day moving average of $0.88. The stock has a market capitalization of $9.03 million, a price-to-earnings ratio of 93.75 and a beta of 0.94.

About Destiny Media Technologies

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.