Destiny Media Technologies (CVE:DSY) Sets New 1-Year Low – Should You Sell?

Destiny Media Technologies Inc. (CVE:DSY)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.85 and last traded at C$0.75, with a volume of 7700 shares changing hands. The stock had previously closed at C$1.05.

Destiny Media Technologies Stock Down 11.9 %

The company’s 50 day simple moving average is C$0.98 and its 200-day simple moving average is C$0.99. The company has a current ratio of 5.29, a quick ratio of 5.78 and a debt-to-equity ratio of 4.91. The firm has a market cap of C$8.92 million, a P/E ratio of 30.83 and a beta of 0.95.

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.