Lingo Media (CVE:LM) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Lingo Media Co. (CVE:LM) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.10 and traded as low as C$0.10. Lingo Media shares last traded at C$0.10, with a volume of 7,000 shares traded.

Lingo Media Stock Up 11.1%

The firm’s 50-day moving average price is C$0.10 and its 200-day moving average price is C$0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 7.49 and a quick ratio of 7.24. The company has a market cap of C$3.55 million and a price-to-earnings ratio of 10.00.

About Lingo Media

Lingo Media Corporation, together with its subsidiaries, develops, markets, and supports a suite of English and other language learning solutions in the People's Republic of China. The company operates in two segments, Print-Based English Language Learning (License of Intellectual Property), and Online and Offline Language Learning. The Print-Based English Language Learning segment publishes print-based English language learning textbook programs. It co-publishes approximately 795 million units from library of program titles.