Stingray Group (TSE:RAY.A – Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$8.27 and traded as high as C$8.56. Stingray Group shares last traded at C$8.49, with a volume of 13,685 shares changing hands.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on RAY.A shares. BMO Capital Markets increased their target price on Stingray Group from C$10.50 to C$11.00 and gave the company a “market perform” rating in a report on Friday, February 7th. CIBC increased their target price on Stingray Group from C$11.00 to C$11.50 in a report on Friday, February 7th.
Check Out Our Latest Stock Analysis on Stingray Group
Stingray Group Price Performance
Insiders Place Their Bets
In other news, Senior Officer Mario Dubois sold 19,800 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of C$8.43, for a total value of C$166,854.60. Also, Senior Officer Lloyd Perry Feldman sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of C$8.48, for a total value of C$84,751.00. Insiders have sold 37,800 shares of company stock valued at $311,614 over the last three months. 25.46% of the stock is currently owned by insiders.
About Stingray Group
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.
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