Destiny Media Technologies (CVE:DSY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Destiny Media Technologies Inc. (CVE:DSYGet Free Report)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.54 and traded as high as C$0.57. Destiny Media Technologies shares last traded at C$0.49, with a volume of 13,500 shares changing hands.

Destiny Media Technologies Stock Performance

The firm has a market capitalization of C$4.67 million, a P/E ratio of -9.70 and a beta of 1.29. The business’s fifty day moving average price is C$0.54 and its two-hundred day moving average price is C$0.63.

Destiny Media Technologies Company Profile

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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.

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