Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman Sells 10,000 Shares

Stingray Group (TSE:RAY.A) Senior Officer Lloyd Perry Feldman sold 10,000 shares of the firm’s 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.

Lloyd Perry Feldman also recently made the following trade(s):

• On Friday, December 20th, Lloyd Perry Feldman sold 8,000 shares of Stingray Group stock. The stock was sold at an average price of C$7.50, for a total value of C$60,008.00.

Stingray Group Price Performance

RAY.A traded down C$0.07 during trading on Tuesday, reaching C$8.45. 36,470 shares of the company traded hands, compared to its average volume of 48,194. The company has a market cap of C$449.03 million, a P/E ratio of -29.14, a PEG ratio of 1.13 and a beta of 1.07. Stingray Group has a 12-month low of C$6.76 and a 12-month high of C$9.05. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05. The firm has a fifty day simple moving average of C$7.75 and a 200 day simple moving average of C$7.70.

Analysts Set New Price Targets

Several brokerages have issued reports on RAY.A. BMO Capital Markets lifted their target price on shares of Stingray Group from C$10.50 to C$11.00 and gave the stock a “market perform” rating in a report on Friday. Royal Bank of Canada boosted their price objective on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. Finally, CIBC boosted their price target on Stingray Group from C$11.00 to C$11.50 in a research note on Friday.

Stingray Group Company Profile

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.