Insider Sales: Top Officer Stingray Group (TSE:RAY.A) Sells $57,168.00 in Stock

Stingray Group (TSE:RAY.A – Get Your Free Report ) COO Mario Dubois sold 7,200 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $7.94, for a total value of $57,168.00.

Mario Dubois also recently made the following trades:

• On Thursday, August 8th, Mario Dubois sold 10,000 shares of Stingray Group stock. The stock was sold at an average price of $8.02, for a total value of $80,200.00.

Stingray Group stock performance

Shares of RAY.A stock opened at $8.05 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.90, and a debt-to-equity ratio of 155.56. Stingray Group has a 12-month low of $4.21 and a 12-month high of $8.54. The company’s fifty day moving average is $7.72 and its 200 day moving average is $7.53. The firm has a market cap of $404.59 million, a price-to-earnings ratio of -40.25, a price-to-earnings-growth ratio of 1.13 and a beta of 1.08.

Analyst upgrades and downgrades

Several research analysts recently weighed in on the stock. CIBC boosted their target price on shares of Stingray Group from $10.00 to $10.50 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Royal Bank of Canada boosted their price objective on Stingray Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets boosted their price target on shares of Stingray Group from $9.50 to $10.50 in a research report on Thursday, August 8th. Finally, National Bankshares upped their price objective on Stingray Group from $9.50 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a buy rating. The stock has an average rating of “Buy” and a consensus price target of $9.83, based on data from MarketBeat.

Get the latest stock analysis on RAY.A

About Stingray Group

(Get a free report)

Stingray Group Inc provides business-to-business multi-platform music and in-store music and video solutions for businesses and individuals worldwide. The Company offers Stingray Music, which provides music products and services to television (TV), web and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and video-on-demand service; Stingray Brava, a TV channel offering operas and ballets, classical music performances and local content; Stingray DJAZZ, a TV channel offering jazz concerts, films, portraits and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke which provides Internet and TV video to TV service providers as well as direct to consumers.

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