Stingray Group (TSE:RAY.B) Stock Price Down 4.3%

Stingray Group (TSE:RAY.B – Get Rating)’s stock price dropped 4.3% on Wednesday . The stock traded as low as C$4.50 and last traded at C$4.50. Approximately 700 shares changed hands during trading, a decline of 40% from the average daily volume of 1,173 shares. The stock had previously closed at C$4.70.

Stingray Group Stock Performance

The company has a market capitalization of C$313.43 million and a P/E ratio of 10.71. The company has a debt-to-equity ratio of 148.71, a current ratio of 0.85 and a quick ratio of 0.69. The company has a fifty day moving average price of C$4.98 and a two-hundred day moving average price of C$5.55.

About Stingray Group

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Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.