Stingray Group (TSE:RAY.B) Stock Price Up 1% – Here’s What Happened

Shares of Stingray Group (TSE:RAY.B) rose 1% during mid-day trading on Friday . The company traded as high as C$7.80 and last traded at C$7.79. Approximately 1,200 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 1,475 shares. The stock had previously closed at C$7.71.

Stingray Group Stock Performance

The firm has a market capitalization of C$18.23 million, a price-to-earnings ratio of -26.86 and a beta of 1.07. The firm’s 50 day simple moving average is C$7.53 and its 200 day simple moving average is C$7.54. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05.

About Stingray Group

Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.