Destiny Media Technologies (CVE:DSY) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Destiny Media Technologies Inc. (CVE:DSY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.00 and traded as low as C$0.99. Destiny Media Technologies shares last traded at C$1.00, with a volume of 5,664 shares changing hands.

Destiny Media Technologies Stock Performance

The business has a fifty day simple moving average of C$0.99 and a two-hundred day simple moving average of C$1.00. The company has a quick ratio of 5.78, a current ratio of 5.29 and a debt-to-equity ratio of 4.91. The company has a market cap of C$9.64 million, a P/E ratio of 33.33 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.