Destiny Media Technologies (CVE:DSY) Stock Crosses Below 200 Day Moving Average of $1.20

Destiny Media Technologies Inc. (CVE:DSY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.20 and traded as low as C$1.03. Destiny Media Technologies shares last traded at C$1.03, with a volume of 100 shares trading hands.

Destiny Media Technologies Price Performance

The company has a 50 day moving average price of C$1.01 and a 200 day moving average price of C$1.20. The company has a market capitalization of C$9.93 million, a price-to-earnings ratio of 34.33 and a beta of 0.96. The company has a current ratio of 5.29, a quick ratio of 5.78 and a debt-to-equity ratio of 4.91.

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