Insider Selling: Stingray Group (TSE:RAY.A) Senior Officer Sells 4,200 Shares of Stock

Stingray Group (TSE:RAY.A) Senior Officer Mario Dubois sold 4,200 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$8.30, for a total value of C$34,860.00.

Mario Dubois also recently made the following trade(s):

• On Friday, November 15th, Mario Dubois sold 100 shares of Stingray Group stock. The shares were sold at an average price of C$8.30, for a total value of C$830.00.
• On Friday, November 8th, Mario Dubois sold 10,000 shares of Stingray Group stock. The shares were sold at an average price of C$7.99, for a total value of C$79,920.00.
• On Tuesday, September 3rd, Mario Dubois sold 100 shares of Stingray Group stock. The shares were sold at an average price of C$7.85, for a total value of C$785.00.
• On Friday, August 30th, Mario Dubois sold 1,600 shares of Stingray Group stock. The shares were sold at an average price of C$7.85, for a total value of C$12,560.00.
• On Monday, August 26th, Mario Dubois sold 2,000 shares of Stingray Group stock. The shares were sold at an average price of C$8.00, for a total value of C$16,000.00.

Stingray Group Stock Down 0.9 %

Shares of RAY.A stock traded down C$0.07 during trading hours on Friday, reaching C$8.15. 1,304,576 shares of the company’s stock were exchanged, compared to its average volume of 41,451. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. Stingray Group has a 1 year low of C$5.09 and a 1 year high of C$8.54. The stock has a market cap of C$433.09 million, a PE ratio of -27.83, a PEG ratio of 1.13 and a beta of 1.07. The stock’s fifty day moving average price is C$7.48 and its two-hundred day moving average price is C$7.59.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. CIBC lifted their target price on Stingray Group from C$10.50 to C$11.00 in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on Stingray Group from C$10.00 to C$11.00 in a research note on Thursday, November 7th. BMO Capital Markets boosted their price target on Stingray Group from C$9.50 to C$10.50 in a research note on Thursday, August 8th. Finally, National Bankshares boosted their price target on 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.

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.