Destiny Media Technologies (OTCMKTS:DSNY) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Destiny Media Technologies Inc. (OTCMKTS:DSNY)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.51 and traded as low as $0.40. Destiny Media Technologies shares last traded at $0.40, with a volume of 170 shares changing hands.

Destiny Media Technologies Price Performance

The firm has a 50 day simple moving average of $0.49 and a two-hundred day simple moving average of $0.51. The stock has a market cap of $3.86 million, a price-to-earnings ratio of -8.00 and a beta of 0.83.

Destiny Media Technologies (OTCMKTS:DSNY) last announced its quarterly earnings results on Monday, July 14th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Destiny Media Technologies had a negative return on equity of 13.26% and a negative net margin of 8.84%.The business had revenue of $1.13 million during the quarter.

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.