Shares of Stingray Group (TSE:RAY.A – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$4.82 and traded as high as C$5.28. Stingray Group shares last traded at C$5.28, with a volume of 19,936 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on RAY.A shares. Canaccord Genuity Group lowered their price target on Stingray Group from C$8.50 to C$8.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Desjardins set a C$9.00 price target on Stingray Group and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, CIBC upped their price target on Stingray Group from C$7.50 to C$8.00 in a report on Thursday, August 10th.
Stingray Group Price Performance
About Stingray Group
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.
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