Stingray Group (TSE:RAY.A – Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$7.50 and traded as low as C$7.12. Stingray Group shares last traded at C$7.16, with a volume of 13,415 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. National Bankshares lifted their target price on shares of Stingray Group from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised their price target on Stingray Group from C$9.50 to C$10.50 in a report on Thursday, August 8th.
Check Out Our Latest Stock Analysis on Stingray Group
Stingray Group Trading Down 3.8 %
Insider Activity
In related news, Senior Officer Mario Dubois sold 7,500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$8.00, for a total transaction of C$60,000.00. Insiders sold 28,900 shares of company stock worth $230,688 in the last three months. Corporate insiders own 25.46% of the company’s stock.
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.
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