Destiny Media Technologies (CVE:DSY) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Destiny Media Technologies Inc. (CVE:DSY)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.03 and traded as high as C$1.09. Destiny Media Technologies shares last traded at C$0.95, with a volume of 6,100 shares.

Destiny Media Technologies Stock Down 26.9 %

The company has a quick ratio of 5.78, a current ratio of 5.29 and a debt-to-equity ratio of 4.91. The stock has a market capitalization of C$9.16 million, a PE ratio of 31.67 and a beta of 0.95. The firm’s fifty day moving average is C$1.03 and its 200-day moving average is C$1.04.

Destiny Media Technologies Company Profile

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.