Stingray Group (TSE:RAY.A) Insider Purchases C$1,001,000.00 in Stock

Stingray Group (TSE:RAY.AGet Free Report) insider Mavrik Corp. acquired 140,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were purchased at an average cost of C$7.15 per share, with a total value of C$1,001,000.00.

Stingray Group Stock Up 0.7 %

Shares of TSE RAY.A opened at C$7.30 on Friday. The company has a 50 day simple moving average of C$7.48 and a 200 day simple moving average of C$7.04. The firm has a market cap of C$368.58 million, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.13 and a beta of 1.11. Stingray Group has a 1 year low of C$4.21 and a 1 year high of C$8.10. The company has a debt-to-equity ratio of 134.69, a current ratio of 1.13 and a quick ratio of 0.69.

Analyst Ratings Changes

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

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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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