Stingray Group (TSE:RAY.A) Senior Officer Mario Dubois Sells 1,600 Shares

Stingray Group (TSE:RAY.A) Senior Officer Mario Dubois sold 1,600 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$7.85, for a total transaction of C$12,560.00.

Mario Dubois also recently made the following trade(s):

• On Monday, August 26th, Mario Dubois sold 2,000 shares of Stingray Group stock. The stock was sold at an average price of C$8.00, for a total transaction of C$16,000.00.
• On Friday, August 23rd, Mario Dubois sold 500 shares of Stingray Group stock. The shares were sold at an average price of C$7.95, for a total transaction of C$3,975.00.
• On Thursday, August 15th, Mario Dubois sold 7,500 shares of Stingray Group stock. The shares were sold at an average price of C$8.00, for a total value of C$60,000.00.
• On Tuesday, August 13th, Mario Dubois sold 7,200 shares of Stingray Group stock. The stock was sold at an average price of C$7.94, for a total value of C$57,168.00.
• On Thursday, August 8th, Mario Dubois sold 10,000 shares of Stingray Group stock. The shares were sold at an average price of C$8.02, for a total value of C$80,200.00.

Stingray Group Stock Performance

TSE:RAY.A opened at C$7.61 on Wednesday. The stock has a market capitalization of C$404.40 million, a P/E ratio of -26.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. Stingray Group has a 1 year low of C$4.21 and a 1 year high of C$8.54. The firm has a 50 day moving average of C$7.82 and a 200-day moving average of C$7.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. National Bankshares lifted their price target on shares of Stingray Group from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. CIBC upped their target price on shares of Stingray Group from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Finally, BMO Capital Markets upped their price objective on Stingray Group from C$9.50 to C$10.50 in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Stingray Group currently has an average rating of “Buy” and a consensus target price of C$9.83.

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.