Destiny Media Technologies (CVE:DSY) Sets New 1-Year High – Still a Buy?

Destiny Media Technologies Inc. (CVE:DSY)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.96 and last traded at C$0.96, with a volume of 6000 shares traded. The stock had previously closed at C$0.68.

Destiny Media Technologies Stock Performance

The firm has a market cap of C$10.22 million, a price-to-earnings ratio of -15.14 and a beta of 0.49. The stock’s fifty day moving average price is C$0.72 and its 200-day moving average price is C$0.69.

About Destiny Media Technologies

Destiny Media Technologies Inc develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet. It offers Play MPE, an online platform that distributes promotional content, including broadcast quality audio, video, images, promotional information, and other digital content from record labels and artists to broadcasting professionals, music curators, and music reviewers to discover, download, broadcast, and review the content; Play MPE CASTER; Play MPE Quickshare provides a distribution tool for Play MPE customers to promote music; and Play MPE Player for music curators to review and download content through cloud-based player and mobile apps.