Destiny Media Technologies (OTCMKTS:DSNY) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Destiny Media Technologies Inc. (OTCMKTS:DSNY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.60 and traded as low as $0.3902. Destiny Media Technologies shares last traded at $0.3902, with a volume of 1,200 shares trading hands.

Destiny Media Technologies Stock Performance

The firm has a market capitalization of $3.76 million, a P/E ratio of -3.55 and a beta of 0.38. The business’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $0.60.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its earnings results on Tuesday, July 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. Destiny Media Technologies had a negative return on equity of 39.01% and a negative net margin of 24.31%.The firm had revenue of $1.04 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.