Stingray Group (TSE:RAY.A – Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$8.27 and traded as high as C$8.56. Stingray Group shares last traded at C$8.49, with a volume of 13,685 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on RAY.A shares. BMO Capital Markets raised their price target on shares of Stingray Group from C$10.50 to C$11.00 and gave the company a “market perform” rating in a research note on Friday, February 7th. CIBC lifted their price target on Stingray Group from C$11.00 to C$11.50 in a research report on Friday, February 7th.
Get Our Latest Stock Report on RAY.A
Stingray Group Stock Up 1.7 %
Insider Activity at Stingray Group
In related news, Senior Officer Lloyd Perry Feldman sold 10,000 shares of Stingray Group stock in a transaction on Monday, February 10th. The shares were sold at an average price of C$8.48, for a total value of C$84,751.00. Also, Senior Officer Mario Dubois sold 19,800 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of C$8.43, for a total value of C$166,854.60. Insiders sold 37,800 shares of company stock worth $311,614 in the last three months. 25.46% of the stock is owned by insiders.
About Stingray Group
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.
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