Destiny Media Technologies (OTCMKTS:DSNY) Shares Cross Below 200 Day Moving Average – What’s Next?

Destiny Media Technologies Inc. (OTCMKTS:DSNY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.79 and traded as low as $0.53. Destiny Media Technologies shares last traded at $0.64, with a volume of 11,200 shares.

Destiny Media Technologies Price Performance

The firm has a market capitalization of $6.16 million, a price-to-earnings ratio of -63.89 and a beta of 1.00. The stock has a fifty day moving average of $0.67 and a two-hundred day moving average of $0.79.

Destiny Media Technologies (OTCMKTS:DSNY) last released its quarterly earnings results on Tuesday, January 14th. The technology company reported $0.01 EPS for the quarter. Destiny Media Technologies had a negative return on equity of 0.62% and a negative net margin of 0.42%.

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.