Stingray Digitl (TSE:RAY) Issues Earnings Results

Stingray Digitl (TSE:RAY) released its quarterly earnings results on Monday. The company reported C$0.40 EPS for the quarter, FiscalAI reports. The business had revenue of C$158.02 million during the quarter.

Stingray Digitl Price Performance

Shares of TSE RAY opened at C$15.41 on Tuesday. The stock has a market capitalization of C$1.05 billion, a P/E ratio of -36.69 and a beta of 1.16. The business’s fifty day moving average price is C$15.35. Stingray Digitl has a 1 year low of C$9.55 and a 1 year high of C$18.00.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RAY shares. National Bank Financial decreased their price objective on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Desjardins upgraded shares of Stingray Digitl to a “moderate buy” rating in a research note on Monday, June 22nd. Canaccord Genuity Group raised their price target on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Finally, ATB Cormark Capital Markets set a C$24.00 price objective on shares of Stingray Digitl and gave the stock a “buy” rating in a research note on Friday, June 19th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$21.75.

Stingray Digitl Company Profile

Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.