Stingray Group (OTCMKTS:STGYF) Trading 1.6% Higher – Still a Buy?

Stingray Group Inc. (OTCMKTS:STGYF) shares were up 1.6% during trading on Friday . The company traded as high as C$10.81 and last traded at C$10.81. Approximately 500 shares traded hands during trading, a decline of 62% from the average daily volume of 1,333 shares. The stock had previously closed at C$10.64.

Analysts Set New Price Targets

Separately, National Bankshares reissued an “outperform” rating on shares of Stingray Group in a report on Monday, October 27th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Stingray Group Stock Performance

The firm has a 50-day simple moving average of C$8.21 and a two-hundred day simple moving average of C$7.38.

About Stingray Group

Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.