Stingray Group Shares Dip 0.7% Amidst Low Trading Volume

Stingray Group (TSE:RAY.B) stock decreased by 0.7% on Friday, trading at C$7.55 with a volume of 100 shares. This decline represents a 95% decrease from the average daily volume of 1,894 shares. The company's key financial ratios include a quick ratio of 0.69, a current ratio of 1.13, and a debt-to-equity ratio of 134.69. Stingray Group provides multi-platform music and in-store music and video solutions to businesses and individuals globally.

Stingray Group's Shares Decline 0.7% on Subdued Trading Volume

NEW YORK (Dow Jones)--Shares of Stingray Group Inc. (TSE:RAY.B) closed lower on Friday, registering a decline of 0.7% in a session characterized by minimal trading activity. The stock opened at C$7.55 and remained at that level throughout the day, with approximately 100 shares changing hands by midday. This represents a significant drop from the company's average daily volume of 1,894 shares.

Financial Snapshot

At the close of trading, Stingray Group's quick ratio stood at 0.69, while its current ratio was 1.13. The company's debt-to-equity ratio is currently at 134.69.

Technical Analysis

The company's 50-day simple moving average (SMA) is currently at C$7.09, and its 200-day SMA is at C$5.85.

Company Profile

Stingray Group Inc. is a global provider of business-to-business multi-platform music, in-store music, and video solutions. The company's offerings include:

• Stingray Music: Delivers music products and services across television, web, and mobile platforms.
• Stingray Lite TV: A television channel featuring pop music videos.
• Stingray iConcerts: A television channel and on-demand video service showcasing live concerts.
• Stingray Brava: A television channel offering operas, ballets, classical music performances, and local content.
• Stingray DJAZZ: A television channel specializing in jazz concerts, films, portraits, and documentaries.
• Stingray Ambiance 4K: An ultra-high-definition channel.
• Stingray Karaoke: Provides karaoke videos via the internet, television, and directly to consumers.

Market Performance

Stingray Group Inc. has a market capitalization of C$525.86 million. The company's price-to-earnings (P/E) ratio is currently at 14.25, and its beta is 1.09.

Analyst Recommendations

According to MarketBeat, Stingray Group Inc. currently has a "hold" rating among analysts. However, top-rated analysts believe that there are five other stocks that offer more compelling investment opportunities.

Additional Resources

• Five Stocks We Like Better Than Stingray Group
• Beginner's Guide to Pot Stock Investing

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