Destiny Media Technologies (OTCMKTS:DSNY) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Destiny Media Technologies Inc. (OTCMKTS:DSNY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.71 and traded as low as $0.55. Destiny Media Technologies shares last traded at $0.55, with a volume of 101 shares.

Destiny Media Technologies Stock Performance

The company has a market capitalization of $5.30 million, a PE ratio of -55.00 and a beta of 0.87. The stock has a 50 day moving average price of $0.53 and a two-hundred day moving average price of $0.71.

Destiny Media Technologies (OTCMKTS:DSNY) last released its quarterly earnings results on Tuesday, January 14th. The technology company reported $0.01 earnings per share for the quarter. Destiny Media Technologies had a negative net margin of 0.42% and a negative return on equity of 0.62%.

About Destiny Media Technologies

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.