Destiny Media Technologies (OTCMKTS:DSNY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Destiny Media Technologies Inc. (OTCMKTS:DSNY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.53 and traded as low as $0.4081. Destiny Media Technologies shares last traded at $0.6025, with a volume of 1,400 shares changing hands.

Destiny Media Technologies Stock Down 13.9%

The company has a 50 day moving average of $0.63 and a 200 day moving average of $0.53. The firm has a market cap of $5.81 million, a price-to-earnings ratio of -6.03 and a beta of 0.39.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its quarterly earnings data on Tuesday, April 14th. The technology company reported ($0.03) earnings per share for the quarter. Destiny Media Technologies had a negative net margin of 20.68% and a negative return on equity of 28.56%. The business had revenue of $1.00 million for the quarter.

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.