Stingray Digitl (TSE:RAY) Trading Down 2.4% – What’s Next?

Stingray Digitl (TSE:RAY) fell 2.4% during mid-day trading on Tuesday . The stock traded as low as C$13.00 and last traded at C$13.27. 67,549 shares were traded during trading, an increase of 12% from the average session volume of 60,112 shares. The stock had previously closed at C$13.59.

Analyst Upgrades and Downgrades

Separately, National Bank Financial decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$20.00.

Stingray Digitl Stock Down 2.4%

The business’s fifty day moving average price is C$14.80. The stock has a market cap of C$902.82 million, a P/E ratio of 21.06 and a beta of 1.31.

Stingray Digitl (TSE:RAY) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$0.38 EPS for the quarter. The company had revenue of C$124.84 million for the quarter.

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.