Stingray Group (OTCMKTS:STGYF) Trading Down 0.4% – What’s Next?

by · The Cerbat Gem

Stingray Group Inc. (OTCMKTS:STGYF – Get Free Report) fell 0.4% during trading on Tuesday . The stock traded as low as C$10.12 and last traded at C$10.12. 500 shares traded hands during trading, a decline of 61% from the average session volume of 1,266 shares. The stock had previously closed at C$10.16.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on Stingray Group

Stingray Group Price Performance

The firm has a 50 day moving average of C$9.42 and a 200-day moving average of C$7.95.

Stingray Group Company Profile

(Get Free Report)

Stingray Group is a Montreal-based music, media and technology company founded in 2007 by Eric Boyko and Alexandre Taillefer. Originally launched as a digital audio service provider, the company has expanded its offerings to encompass a broad suite of music and video content solutions for both consumer and business markets.

The company’s core activities include the creation and distribution of music streams, curated audio channels and video programming. Stingray’s products are delivered through cable and satellite operators, mobile and smart-TV applications, as well as in-store music and digital signage platforms.

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