Stingray Digitl (TSE:RAY) Releases Earnings Results

Stingray Digitl (TSE:RAY) released its quarterly earnings data on Monday. The company reported C$0.40 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$158.02 million for the quarter.

Stingray Digitl Trading Up 1.2%

RAY stock opened at C$15.59 on Wednesday. Stingray Digitl has a 1-year low of C$9.55 and a 1-year high of C$18.00. The company’s fifty day simple moving average is C$15.37. The company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of -37.12 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. ATB Cormark Capital Markets set a C$24.00 target price on Stingray Digitl and gave the company a “buy” rating in a research note on Friday, June 19th. Canaccord Genuity Group upped their target price on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the company a “buy” rating in a research note on Friday, June 5th. National Bank Financial reduced their price target on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, Desjardins upgraded Stingray Digitl to a “moderate buy” rating in a research note on Monday, June 22nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Stingray Digitl presently has an average rating of “Buy” and an average price target of C$21.75.

About Stingray Digitl

Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.