Destiny Media Technologies (CVE:DSY) Stock Price Down 26.9% – Should You Sell?

Destiny Media Technologies Inc. (CVE:DSY) dropped 26.9% during mid-day trading on Thursday . The stock traded as low as C$0.95 and last traded at C$0.95. Approximately 6,100 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 3,140 shares. The stock had previously closed at C$1.30.

Destiny Media Technologies Stock Down 26.9 %

The company’s fifty day simple moving average is C$1.04 and its 200-day simple moving average is C$1.06. The company has a debt-to-equity ratio of 4.91, a current ratio of 5.29 and a quick ratio of 5.78. The firm has a market capitalization of C$9.16 million, a PE ratio of 31.67 and a beta of 0.95.

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.