Destiny Media Technologies (CVE:DSY) Share Price Crosses Below 200-Day Moving Average of $1.23

Destiny Media Technologies Inc. (CVE:DSY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.23 and traded as low as C$1.00. Destiny Media Technologies shares last traded at C$1.00, with a volume of 1,155 shares.

Destiny Media Technologies Stock Down 15.3 %

The company has a quick ratio of 5.78, a current ratio of 5.29 and a debt-to-equity ratio of 4.91. The firm has a market capitalization of C$9.64 million, a PE ratio of 33.33 and a beta of 0.96. The business has a 50-day moving average price of C$0.95 and a 200-day moving average price of C$1.23.

Destiny Media Technologies (CVE:DSY) last issued its earnings results on Monday, July 15th. The company reported C$0.01 earnings per share (EPS) for the quarter. Destiny Media Technologies had a return on equity of 6.68% and a net margin of 5.18%. The company had revenue of C$1.58 million during the quarter. Equities research analysts forecast that Destiny Media Technologies Inc. will post 0.01 earnings per share for the current fiscal year.

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.